Overview

• The Chapter 11 filing on June 11 in Delaware aims to erase $4.9 billion of debt while allowing Marelli to continue global operations without interruption
• A debtor-in-possession financing line of $1.1 billion secured by major lenders will fund payroll, supplier payments and routine deliveries during the court-supervised restructuring
• Creditors led by Mizuho Financial Group, Deutsche Bank and Strategic Value Partners are positioned to take ownership from KKR unless a higher offer emerges within a 45-day bidding window
• Marelli’s ten Italian plants, where 6,000 employees work, and key automakers such as Stellantis, Nissan, Bosch and Tesla have been assured of uninterrupted component supply
• Italy’s government has convened Marelli management, union representatives and regional officials for June 19 talks to address potential social and economic impacts