Qualtek Files for Chapter 11 Bankruptcy

Qualtek and certain of its subsidiaries have filed voluntarily petitions for Chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas.

• Restructuring transactions to reduce debt by $307m and provide $40m of new liquidity
• Company anticipates plan of reorganization support from at least 85% of secured debt holders and 80% of convertible note holders
• Alvarez & Marsal serving as financial adviser

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Chakradhar Adusumilli at cadusumilli@bloomberg.net ...