{"id":11371,"date":"2026-01-27T09:18:44","date_gmt":"2026-01-27T14:18:44","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=11371"},"modified":"2026-01-27T09:18:44","modified_gmt":"2026-01-27T14:18:44","slug":"pretium-packaging-secures-agreement-with-lenders-on-debt-restructuring-report","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=11371","title":{"rendered":"Pretium Packaging secures agreement with lenders on debt restructuring \u2013 report"},"content":{"rendered":"


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Pretium is currently engaging with additional creditors. Credit: Andrii Yalanskyi \/ Shutterstock.com. <\/figcaption><\/figure>\n<\/p><\/div>\n

Pretium Packaging has reached an agreement with a majority of its lenders to restructure its debt and maintain operations, reported Bloomberg<\/a><\/em>, citing sources.<\/p>\n

US-based private equity company Clearlake Capital Group will retain its status as the principal shareholder under the newly signed arrangement with creditors, the unnamed sources indicated.<\/p>\n

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Pretium is currently engaging with additional creditors, requesting that they sign non-disclosure agreements prior to reviewing details of the proposed transaction.<\/p>\n

Company representatives for both Pretium and Clearlake did not respond to requests for comment.<\/p>\n

Since Clearlake\u00a0acquired\u00a0Pretium in 2020<\/a>, the packaging manufacturer has experienced a reduction in sales due to decreased consumer demand and inflationary pressures. Its financial results have also been affected by a considerable interest expense.<\/p>\n

The report added that under the restructuring terms, there is a possibility that Clearlake and current lenders could contribute further capital.<\/p>\n

According to the sources, trade vendors are expected to be paid as business continues.<\/p>\n

In 2024, Pretium\u00a0appointed James Rooney<\/a>\u00a0as\u00a0CEO.<\/p>\n

Rooney has held senior roles at companies including DazPak Flexible Packaging, ALPLA Corporation, Owens-Illinois and Amcor during his career in the packaging sector.<\/p>\n

Pretium specialises in designing and manufacturing a wide range of rigid and sustainable plastic containers, bottles, and closures.\u202f<\/p>\n

The company serves a diverse customer base across sectors, including food and beverage, healthcare, personal care and household products.<\/p>\n

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