QualTek Emerges From Chapter 11 to Operate as Private Company

Infrastructure services provider QualTek Services successfully emerged from Chapter 11 in the US Bankruptcy Court for the Southern District of Texas following the confirmation of its reorganization.

• Through its financial restructuring, the company reduced its debt by $307 million, entered into a $101 million exit ABL facility, and received $25 million of new money exit term loans
• Following emergence, QualTek will operate as a privately held company under the ownership of its prepetition lenders and management

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Hari Govind in San Francisco at hgovind@bloomberg.net

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