financetom
Business
financetom
/
Business
/
Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing
Jun 11, 2025 12:32 AM

TOKYO (Reuters) -Nissan ( NSANF ) supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its talks with creditors.

The maker of car interiors and lighting, which is owned by private equity firm KKR, said it had secured a commitment of $1.1 billion in financing from its lenders, and that around 80% of the lenders had signed an agreement to support its restructuring.

"Throughout this process and moving forward, Marelli does not expect any operational impact from the Chapter 11 process," it said in a statement.

It said 100% of its secured debt would also be eliminated. 

Marelli's situation has been closely watched given that it is a major supplier to Nissan ( NSANF ) which is struggling to turn itself around. Marelli said the lenders of the new $1.1 billion financing will take ownership of the business once it emerges from Chapter 11, subject to a 45-day so-called "overbid process" in which other parties could bid for it.

The company listed both assets and liabilities in the range of $1 billion to $10 billion, according to a court filing.

Kyodo News reported last week that Marelli was looking into Chapter 11 to ensure its operations would not be halted in the event that talks with creditors fell through.

Marelli was created in 2019 from the merger of Magneti Marelli and Japan's Calsonic Kansei. Fiat Chrysler (FCA), now part of Stellantis, sold Magneti Marelli to Calsonic Kansei, owned by KKR, for 5.8 billion euros ($6.6 billion).

Marelli put forward a restructuring plan that included a buyout by India's Motherson Group, the Nikkei newspaper reported last month, adding that the proposal was unable to bridge the gap between Japanese and foreign creditors at the time.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved