Case Study

The Newark Group

CLIENT: Newark Group Secured Credit-linked Term Loan Lenders (“CLTL”)

Gordian Group advised second-lien lenders in connection with the Company’s restructuring.

Professionals

Business Profiles

Situation

Recycled Paperboard Products is an integrated global producer of 100% recycled paperboard and paperboard products. The company had to restructure its $315 million in debt obligations.

Engagement

Gordian Group was engaged by the Company’s CLTL Lenders to assist in negotiating with respect to the Company’s restructuring and prepackaged bankruptcy filing.

Outcome

The Company’s Prepackaged Plan of Reorganization contemplates a complete paydown in cash at par of the CLTL Lenders.