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CD&R lenders seek tighter protections after label maker bankruptcy
The lenders are reacting to how they say Clayton Dubilier & Rice pursued the label maker’s Chapter 11, arguing for stronger safeguards across CD&R portfolio exposures.
WSJ Markets reports that lenders to other Clayton Dubilier & Rice portfolio companies are pushing for tighter protections after a contentious Chapter 11 involving the private equity firm’s label maker.
The outlet says the push centers on concerns that CD&R used aggressive tactics in the bankruptcy process, prompting lenders to seek additional contractual safeguards with their own exposures to CD&R investments.
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