TPI Composites Inc. has entered into a new financial agreement under a Super-Priority Senior Secured Priming Debtor-in-Possession Credit Agreement and Guaranty, dated August 14, 2025. This agreement involves Oaktree Fund Administration, LLC serving as the administrative agent, along with various lenders, collectively known as the DIP Lenders. The financing, aimed at facilitating TPI Composites' restructuring efforts during its Chapter 11 bankruptcy proceedings, includes a multiple draw term loan facility with a total principal amount not exceeding $82.5 million. This strategic move is designed to support TPI Composites as it navigates its financial challenges and aims to complete negotiations with key stakeholders for a comprehensive restructuring plan.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TPI Composites Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-005450), on August 15, 2025, and is solely responsible for the information contained therein.
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