Real Industry and Real Alloy’s U.S. Operations Initiate Chapter 11 Proceedings
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Real Industry (RELY), Real Alloy's U.S. Operations Initiate Chapter 11 Proceedings (Earlier)
November 17, 2017 1:34 PM ESTReal Industry, Inc. (NASDAQ: RELY) (Real Industry or the Company) today announced that it has initiated restructuring efforts through the filing of a petition for voluntary Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware.
Real Alloys operations in Germany, United Kingdom, Norway, Canada and Mexico are not included in the filingReal Alloys U.S. operations obtain additional liquidity through DIP financingIn conjunction, Real Alloy Holding, Inc. and its U.S. subsidiaries (Real Alloy) today filed petitions for voluntary Chapter 11 reorganization in the U.S.... More
