Instant Pot Maker in Private Talks With Creditors on Financing

Instant Brands Holdings, the housewares maker behind Instant Pot and Pyrex, has begun confidential talks with lenders over its financing needs, according to people familiar with the matter.

The company is also evaluating options to reduce its leverage, said the people, who asked not to be identified because the discussions are private.

Private equity owner Cornell Capital is considering writing an equity check to facilitate a potential transaction, they said.

Representatives at Cornell Capital declined to comment. A spokesperson for Instant Brands didn’t respond to email messages requesting comment.

The discussions come after Instant Brands told lenders earlier this ...