Instant Pot maker to gauge sale offers as company faces bankruptcy

Instant Brands Inc., the maker of Instant Pot and Pyrex kitchenware, will solicit offers to sell the business in bankruptcy while considering alternative transactions to restructure more than $500 million in debt on its balance sheet, a company lawyer said late Tuesday.

Instant Brands lawyer Brian Resnick said during a virtual court hearing that company advisers will explore both options as the company tries to figure out how to get out of Chapter 11 - ...

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