Business Wire: K&N Announces Significant Reduction of Debt Following Closing of Recapitalization Transaction
February 16, 2023
K&N Engineering, Inc., an industry-leader in filtration technology, announced the closing of a recapitalization transaction that will add US$60 million of cash into the business. The transaction will enable the company to execute its long-term strategy of investing in the industry-leading automotive, industrial, and residential HVAC filtration technology that it provides to its customers. O’Melveny & Myers LLP serves as legal counsel to an ad hoc group of second lien lenders.
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