Instant Pot maker to gauge sale offers as company faces bankruptcy

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Company could use Chapter 11 to restructure its balance sheet, if it can find an investor to fund a Chapter 11 plan

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 - ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech company ServiceNow to create 400 new roles at Dublin officeTech company ServiceNow is to create 400 new roles at its Dublin office in the next three years, in a boost to employment in the tech sector here.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Farm tech company Herdwatch acquires Kingswood ComputingKingswood supply herd management and accounting software to farmers and agribusinesses
Source: businessposthq - 🏆 8. / 71 Read more »

Tech company ServiceNow to create 400 roles at Dublin officeMove will doubled the company’s workforce here over the next three years
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Farm tech company Herdwatch acquires Kingswood ComputingKingswood supply herd management and accounting software to farmers and agribusinesses
Source: businessposthq - 🏆 8. / 71 Read more »

Wexford Youths part company with FAI Cup-winning manager Stephen QuinnWexford currently sit sixth in the Premier Division table.
Source: The42_ie - 🏆 5. / 86 Read more »