Alkegen Commences Prepackaged Chapter 11 Process to Implement Previously Announced Restructuring Support Agreement

Source Summary

IRVING, Texas--(BUSINESS WIRE)--Alkegen (the “Company”), a leading specialty materials manufacturer, today announced that it has voluntarily commenced prepackaged chapter 11 cases in the U.S. Bankruptcy Court for the Northern District of Texas to implement the Restructuring Support Agreement ("RSA") that was previously announced on July 20, 2026. Under the terms of the RSA, Alkegen will eliminate approximately $3.1 billion of total debt and meaningfully improve its capital structure, positionin