Oaktree-Backed Aludyne Seeks Fresh Cash to Extend Debt Maturity

Aludyne, an auto parts maker owned by Oaktree Capital Management, is sounding out new investors to help refinance debt due next year, according to people with knowledge of the situation.

JPMorgan Chase & Co. has been reaching out to credit investors to gauge their interest in the potential refinancing, said the people, who asked not to be identified because the talks are private. The deal would address a $225 million first-lien loan due in November 2023, according to the people.

Aludyne, Oaktree and JPMorgan declined to comment.

Aludyne’s products include aluminum and iron cast vehicle parts. The Southfield, ...