Core Viewpoint - Klöckner Pentaplast has successfully completed its restructuring under the US Chapter 11 process, significantly reducing its funded debt by approximately €1.3 billion ($1.5 billion) [1][5] Group 1: Restructuring Details - The restructuring resulted in the removal of around €1.3 billion in funded debt from Klöckner Pentaplast's balance sheet [1] - The company received an injection of €349 million in new capital to stabilize ongoing operations [1] - The US Bankruptcy Court for the Southern District of Texas approved the reorganization plan in December, following a restructuring support agreement with most financial stakeholders in November 2025 [3] Group 2: Leadership Changes - CEO Roberto Villaquiran and Michael Kaufman from Redwood Capital Management have joined the company's board of directors [2] - Andrew Berlin is anticipated to be appointed as board chairman soon, having previously served as chairman and CEO of Berlin Packaging for over 30 years [2] - The completion of the board with additional industry figures is expected in the coming weeks [2] Group 3: Future Outlook - Villaquiran expressed optimism about the company's future, stating it represents an exciting phase as Klöckner Pentaplast emerges as a financially stronger entity [4] - The new ownership demonstrates confidence in the company's business and future prospects, focusing on delivering innovative and sustainable packaging solutions globally [5]