August 3, 2026 - Alkegen, FreshRealm, Sleep Number

This episode covers key developments in three major restructuring and bankruptcy cases: Alkegen, a global manufacturer of high-performance industrial fibers, files a prepackaged Chapter 11 designed to eliminate approximately $3.1 billion in funded debt. Backed by overwhelming lender support and a $630 million DIP facility, the plan would reduce term debt to roughly $400 million, preserve trade creditor recoveries, and transfer substantially all reorganized equity to first-lien lenders. FreshR...