Label Maker Brook + Whittle in Talks With Lenders for Fresh Cash

Genstar Capital-backed packaging company Brook + Whittle has entered into talks with some of its lenders to hammer out a deal that would buy the company more time to address a liquidity crunch, according to people with knowledge of the matter.

Lenders would provide fresh money to shore up its cash reserves through a new first-out loan, said the people, who asked not to be identified discussing a private transaction. As part of the proposal, holders of Brook’s roughly $500 million term loan due in 2028 will exchange their debt for a new second-out loan, they added.

The revised ...