PULASKI, Tenn. — Global automotive supplier Marelli has filed for Chapter 11 bankruptcy protection in the United States, the company announced. The move is part of a broader financial restructuring effort aimed at reducing debt and strengthening Marelli’s long-term financial position.
Despite the filing, Marelli stated it does not expect any operational impact and will continue business as usual. The company says it remains committed to working closely with its customers, suppliers, and partners throughout the process.
According to information released by Marelli, approximately 80% of the company’s lenders have agreed to support the restructuring plan. As part of the agreement, Marelli has secured $1.1 billion in debtor-in-possession financing to support ongoing operations during the court-supervised process.
The company, which operates globally, said the restructuring will help improve liquidity and ensure long-term stability as it navigates current financial challenges.
Tennessee Department of Agriculture names King as Deputy Commissioner
WATCH LIVE: Richland Raiders V. Fayetteville Tigers
Pulaski Fire and Police Departments respond to structure fire Thursday
Tennesseans Lost $157 Million to Scams in 2024, FTC Reports
SNAP Recipients Warned of Benefit Lapse Due to Federal Government Shutdown
National Prescription Drug Take Back Day Offers Safe Way to Dispose of Medications
One injured, one arrested after Wednesday shooting in Pulaski
Chancellor Arnold Unveils Innovative Framework to Align Around Student Experience and Growth