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TACOMA, Wash., Jan. 29, 2021 /PRNewswire/
On January 29, 2021, Northwest Hardwoods, Inc. and certain of its affiliates (collectively, NWH or the Company ) announced that it had completed its financial restructuring process and emerged from Chapter 11. Through restructuring, NWH has substantially reduced its long-term debt obligations by nearly $270m and significantly reduced its debt service obligations. Consequently, the Company holds a strong position to re-invest in long-term growth and continue to provide industry-leading quality and service to its customers.
During the restructuring process, the Company s operations continued without interruption. Employees, suppliers, vendors, contract counterparties and other trade creditors were paid in full and in the ordinary course of business or were otherwise unimpaired.
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