MiddleGround Capital Acquires Dura Automotive Systems
Company emerges from global restructuring; Kimberly Rodriguez named CEO.
Dura Automotive Sees 33% Reduction Recordable Incidents
The company recognized a 53% reduction in Europe as well with the support of ProcessMAP EHS Solutions.
DURA Automotive Systems Secures $84M In Financing From Bardin Hill Investment Partners
Proceeds from the financing will be used to fund DURA’s ongoing business operations, including capital expenditures for future platforms, and help the company meet its commitments to employees, customers and vendors as it pursues a going-concern sale (363 sale).
DURA Automotive Systems Secures $77M In Financing To Pursue Expedited Restructuring And Going-Concern Sale
To implement this restructuring, the company and its domestic subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Tennessee.