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Liberty Tire Recycling Acts to Strengthen Balance Sheet

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TPO Protocol
Liberty Tire Recycling Holdco, LLC and its subsidiaries have entered into a privately negotiated agreement with holders of more than 96 per cent of the Company’s Second Lien Secured Notes and 80 per cent of the Company’s common equity designed to substantially deleverage the company’s balance sheet, reduce interest expense, and better position the company to capitalise on attractive organic and inorganic growth opportunities.

New Financial Changes Explained

In connection with this transaction, the company expects that Carlyle Strategic Partners, an investment fund managed b...

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