Luminar brings in restructuring specialist as debt pressures mount

Automotive supplier Luminar Technologies has brought in a restructuring specialist after falling behind on multiple interest payments, underscoring mounting strain across the automotive supply chain. The US-based company makes LiDAR sensors used in advanced driver assistance and autonomous driving systems. In a filing, the company said it had failed to make interest payments on its first-lien notes due in 2028. Luminar has appointed Robin Chu, a managing director at advisory firm Portage Point Partners, ...