Filing Alert: Pretium Packaging Chapter 11
Pretium Packaging Files Chapter 11 in District of New Jersey
Update (Jan. 29, 2026): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of Pretium Packaging, L.L.C.
Pretium Packaging, L.L.C. and its debtor affiliates⁽¹⁾, a St. Louis, MO-based designer and manufacturer of rigid plastic containers and closures, filed for Chapter 11 protection on Jan. 28 in the U.S. Bankruptcy Court for the District of New Jersey.
The debtors, which reported approximately $1.84 billion in funded debt and only $6.4 million in cash at filing, faced liquidity constraints driven by post-pandemic demand normalization, inventory destocking, and rising interest rates on floating-rate obligations.
The prepackaged filing aims to implement a balance sheet restructuring pursuant to a Restructuring Support Agreement (RSA) with sponsor Clearlake Capital Group and an ad hoc group of lenders. To fund the cases, the debtors have secured up to $533.5 million in new-money DIP term loans from consenting first lien lenders and a $100 million DIP ABL facility to refinance their prepetition ABL facility.
Pretium Packaging, L.L.C. reports $1 billion to $10 billion in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-10896.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Michael D. Sirota
Cole Schotz P.C.
Email: [email protected]
General Bankruptcy Counsel:
- Kirkland & Ellis LLP
- Kirkland & Ellis International LLP
Financial Advisor:
- FTI Consulting, Inc.
Investment Banker:
- Evercore Group L.L.C.
Signatories:
- J. Federico Barreto – Chief Financial Officer, Secretary and Treasurer
Claims Agent:
Equity Security Holders:
- Pretium Holding, LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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