Lead Recycler EB Holdings Files Bankruptcy With Creditor Deal

EB Holdings II, the holding company for Howard Meyers’s worldwide lead empire, filed for bankruptcy protection with a plan to end a years-long debt fight with hedge funds who claimed to be owed $2.5 billion.

Distressed debt investors, lead by GoldenTree Master Fund Ltd., have agreed to swap the debt they hold for shares in a new holding company they will co-own with Meyers, according to the bankruptcy reorganization plan filed in federal court in Nevada.

Goldentree and Meyers had been trading accusations for several years in court over a loan that was originally 600 million euros ($657.5 million) ...