TPI Composites files Chapter 11; secures up to $82.5M DIP financing from Oaktree

TPI COMPOSITES, INC

Filed voluntary Chapter 11 petitions in Southern District of Texas to restructure balance sheet.
Reached agreement with Oaktree for up to $82.5M DIP financing and use of ~$50M cash collateral, subject to court approval.
Expects common stock delisting from Nasdaq; warns equity holders will likely receive no distribution.
Company will continue normal operations, manufacturing sites, and supplier/customer commitments.
Filing follows strategic measures; management cites industry-wide financial pressures as cause.

item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.