Deutsche Bank Commits $865 Million for Marelli’s DIP Financing

Deutsche Bank’s Distressed Products Group is leading and fully committing a $865 million first priority debtor-in-possession financing to Japanese auto-parts maker Marelli Holdings Co. to support its Chapter 11 process, according to a person familiar with the matter.

• The facility was put together in a week, led by the US team in collaboration with Asia and Europe, the person added, asking not to be identified discussing a private matter
• Marelli filed for bankruptcy in Delaware on Wednesday
  • About 80% of the Company’s lenders have signed an agreement to support the restructuring that, upon court approval, would see creditors take ...