Pretium Packaging secures agreement with lenders on debt restructuring – report

Pretium Packaging has reached an agreement with a majority of its lenders to restructure its debt and maintain operations, reported Bloomberg, citing sources. US-based private equity company Clearlake Capital Group will retain its status as the principal shareholder under the newly signed arrangement with creditors, the unnamed sources indicated. Pretium is currently engaging with additional creditors, requesting that they sign non-disclosure agreements prior to reviewing details of the proposed transac ...