Triton-Backed Werner’s Creditors Hire Advisers Amid Debt Wall

A group of bondholders to ladder maker Werner Co. is seeking legal advice from Paul Weiss Rifkind Wharton & Garrison ahead of a deadline next year to refinance a term loan, according to people with knowledge of the matter.

Holders of the unsecured bonds are organizing as the company faces a so-called springing maturity in 2024. That would cause the maturity of an asset-based lending facility to jump ahead by two years to April 2024 if the term loan isn’t addressed by then, S&P Global Ratings wrote in December. At the time, Werner had a $342 million secured term loan ...