NTK Holdings evaluates capital structure restructuring

NTK Holdings, parent of Nortek, is working with financial and legal advisors to analyze its capital structure and has had preliminary discussions with an informal bondholder committee regarding potential equity and debt restructuring alternatives, including a possible pre-packaged bankruptcy or change of control.

“NTK Holdings continues to work with its advisors in evaluating its capital structure with the objective of reducing its total debt and improving NTK Holdings balance sheet and has had preliminary discussions with an informal committee comprised of certain holders of NTK Holdings and Nortek debt.”

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