Reddy Ice Holdings Inc. has emerged from Chapter 11 protection and is now majority owned by affiliates of Centerbridge Partners LP, according to a May 31 company press release.
“This is a very positive event for Reddy Ice and we are proud and excited to begin our partnership with Centerbridge and other stakeholders,” Gilbert M. Cassagne, the company’s chairman, CEO and president, said in the press release.
The company reduced its debt by approximately $145 million and received approximately $25 million in new equity capital infusions, according to the release. Those infusions include a $7.5 million preferred stock investment by ...
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