August 9, 2022
TOKYO – August 9, 2022 – Marelli Holdings Co. Ltd. (“Marelli” or “the Company”), a leading global automotive supplier, announces that it has obtained the final legal effectuation of its revitalization plan (“the plan”) today. With this, the Company’s capital restructuring and Simplified Rehabilitation Proceedings have concluded successfully.
Central to the plan is Marelli’s capital restructuring, comprising the investment of new equity capital by its shareholder KKR, which will imminently be made available, and a reduction of existing bank debt, which is legally binding for all involved bank lenders as of today. This provides the Company with the financial stability it needs to develop and grow.