The acquisition of Real Alloy Holding Inc. and its subsidiaries by a group of former noteholders is complete. And with the closing of the deal, the company has successfully emerged from bankruptcy. Following the asset purchase, the company's debt has been reduced by approximately $200 million and the transaction immediately provided the company with a strong liquidity position. The purchase included the operations in the U.S., Germany, Norway, the UK, Mexico, Canada and its joint venture in Goodyear, Arizona. The business will continue under the Real Alloy name, will be a privately held company and will maintain its Beachwood headquarters. Take a look back on how the deal transpired in our earlier reports here and here.
