Kitchenware maker secures Ch11 recognition in Canada

Kitchenware maker secures Ch11 recognition in Canada

Instant Pot and Pyrex maker Instant Brands has secured recognition of its Chapter 11 in Canada, after a Texas court allowed it to tap into a debtor-in-possession facility that it will use to repay a promissory note issued to its equity sponsor as part of refinancing in January.

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