UTEX Industries Emerges From Chapter 11 With $700M Less Debt

UTEX Industries has emerged from its fast-tracked “prepackaged” chapter 11 cases.

• Company reduced funded debt by about $700 million and received $42.5 million in new financing
• Company’s prior equity interests have been canceled in connection with the restructuring

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Linly Lin in San Francisco at llin153@bloomberg.net

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Chakradhar Adusumilli at cadusumilli@bloomberg.net

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