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Bloomberg: American Tire Files for Chapter 11

October 24, 2024, 07:55 AM
Filed Under: Bankruptcy

Bloomberg reported that American Tire Distributors has filed for Chapter 11 as the company considers a sales process to reduce debt.

The company made the voluntary filing in Delaware with $1.9 billion of debt, according to a court document and has entered into a restructuring support agreement with lenders, according to Bloomberg.

Read the full Bloomberg report.







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