A.M. Castle’s Way Forward
Since May 2015, A.M. Castle has successfully turned its operations around. Now, we are taking a definitive next step in our transformation to restructure our balance sheet, which will enable us to emerge stronger, more financially stable, and better positioned for growth.
Welcome from Steve W. Scheinkman, President and CEO
May 15, 2017
On April 7, A.M. Castle announced the definitive next step in our return to leadership in the specialty metals industry. Because we remain committed to transparency throughout our financial restructuring, today we are providing an update on the process and anticipated next steps for the Company.
Building on the Company’s positive operating performance in the first quarter, we announced on April 7 our intention to complete a comprehensive financial restructuring. We currently have the support of more than 92 percent of holders of our first, second, and third lien debt in the aggregate, and with their consent, we have decided to complete the restructuring process through a prepackaged proceeding under the protection of the bankruptcy court.
The purpose of this site is to communicate our important news and to explain how this definitive next step in our restructuring process will make us an even stronger and more prosperous business for the future.
On April 7, 2017, A.M. Castle shared its plan to address its balance sheet through a comprehensive financial restructuring, positioning the Company for profitability and growth. The infographic below shows key facts about our restructuring.
Latest News & Updates
Prepared Remarks: A. M. Castle & Co. Reports First Quarter 2017 Results and Announces Next Step in Financial Restructuring
Press Release: A. M. Castle & Co. Reports First Quarter 2017 Results And Announces Next Step in Financial Restructuring
Press Release: A.M. Castle Lenders Accelerate Access To Liquidity To Promote Investments As Company’s Restructuring Progresses
American Metal Market (AMM): A.M. Castle Strikes Deal to Restructure Finances (update)
Press Release: A.M. Castle & Co. Announces Agreement in Principle with Stakeholders to Complete a Comprehensive Financial Restructuring; Announces Fourth Quarter 2016 Results; Preannounces Select First Quarter 2017 Financial Results