Dorel Industries (DIIBF) announced that the previously-announced forbearance period under its asset backed loan facility and term loan facility has been extended by Dorel’s lenders to the earlier of September 30, 2025 and the occurrence of any event of default, other than the previous event of default, under the ABL facility. Also as previously announced, the Company has engaged two leading capital market advisors to assist in re-capitalizing the Company’s balance sheet to allow for growth in the Juvenile segment and support the re-organization of the Home segment. The new structure is intended to replace the current debt structure which no longer matches the Company’s needs. The process is well advanced; the Company’s objective is to have the new structure in place before the end of the extended forbearance period.
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