The court granted Marelli access to $519 million of $1.1 billion in debtor-in-possession financing — a special loan process for companies going through bankruptcy.

The court granted Marelli access to $519 million of $1.1 billion in debtor-in-possession financing — a special loan process for companies going through bankruptcy.

Lighting and interiors supplier Marelli filed for Chapter 11 bankruptcy June 11. ... It said it negotiated $1.1 billion in financing to keep it running during reorganization.

Marelli Holdings, a technology partner in the automotive industry, has filed for voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. This strategic move is ...

Marelli bankruptcy a red flag for distressed auto sector as tariffs take toll. John Irwin. ... It said it negotiated $1.1 billion in financing to keep it running during reorganization.

Marelli – the auto parts giant and supplier to big names like Stellantis and Nissan – has filed for bankruptcy protection. Most Read on IEN. Ship Carrying 3,000 Vehicles Abandoned in Pacific Ocean ...

Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, ... said it had secured a commitment of $1.1 billion in financing from its lenders, ...

KKR’s Marelli blames tariffs and lingering supply-chain issues stemming from the Covid-19 pandemic for its descent into chapter 11.

Marelli Holdings Co., the struggling auto parts supplier for Stellantis NV, Nissan Motor Co. and other carmakers, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt ...

Marelli, the Japan-based automotive supplier owned by private-equity firm KKR, filed for bankruptcy in the U.S. on Wednesday with a plan to hand control to its lenders. Marelli supplies major ...

Marelli Holdings, the struggling auto parts supplier for Nissan and Stellantis, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt burden and restructure.