Initial exchange participation of approximately 100% of 1L Lenders and 89% of Unsecured Notes
SK Capital Partners & Affiliates provide a new money investment of $150mm in connection with the Transaction
THE WOODLANDS, Texas, Oct. 1, 2024 /PRNewswire/ — SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates, closed a private exchange transaction supported by a significant majority of its existing creditors on September 18, 2024, and concurrently announced a public exchange offer to its remaining creditors to participate in a follow-on transaction on the same terms (collectively, the “Transaction”). SI Group (or the “Company”) today announced the initial results of the Transaction as of the initial settlement date, September 30, 2024, with support from approximately 100% of 1L Lenders and 89% of Unsecured Notes. This broad Transaction participation underscores creditors’ confidence in the Company and its long-term outlook…