Packaging Co. Klöckner Hits Ch. 11 To Trim $1.5B Debt
By Clara Geoghegan · November 5, 2025, 12:05 PM EST
Klöckner Pentaplast Verwaltungs GmbH, a European plastic packaging maker, filed for bankruptcy protection in Texas to trim €1.3 billion ($1.5 billion) of debt from its balance sheet through a debt-for-equity swap...
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