Real Industry Inc., a publicly traded holding company based in New York, has, along with seven subsidiaries and affiliates, including its only operating subsidiary, an aluminum recycling and alloy production company based in Beachwood, Ohio, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-12464).  According to the First Day Declaration, liquidity constraints and several one-time negative events have led to this filing.  The Debtors enter Chapter 11 having negotiated for $365 million in DIP Financing from the Debtors principal lender and the holders of a majority of the Debtor’s bonds.  Prime Clerk LLC is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Kevin J. Carey.


Contact Norman L. Pernick or Nicholas J. Brannick for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.