Ad Hoc Lender Group supported buyer entity enters asset purchase agreement with American Tire Distributors, Inc.
Ad Hoc Lender Group supported buyer entity enters asset purchase agreement with American Tire Distributors, Inc.
11/27/24, 9:45 PM
Location
Industry
automotive
American Tire Distributors, Inc. has entered into a 'stalking horse' asset purchase agreement with a buyer entity supported by certain prepetition lenders. This strategic move is aimed at positioning ATD for long-term success and streamlining its operations for enhanced value delivery to stakeholders.