10:13 AM EDT, 06/11/2025 (MT Newswires) -- KKR-owned (KKR) auto parts supplier Marelli said it has filed for Chapter 11 bankruptcy protection in Delaware to allow it to restructure its long-term debt.

Marelli said about 80% of its lenders have agreed to back the restructuring process, which will cut its debt and boost its liquidity position.

Marelli also said it has received a commitment for $1.1 billion in debtor-in-possession financing from its lenders.

The Financial Times reported Wednesday that the move comes as Tokyo-headquartered Marelli is seeking breathing space after a fight that went on for months and that involved KKR, banks, and distressed debt firms.

KKR didn't immediately respond to a request for comment by MT Newswires.

Price: 126.57, Change: +2.55, Percent Change: +2.06