U.S. CHAPTER 11 FILING INFORMATION
Exide has announced a comprehensive strategy to best position its businesses in North America, Europe, and Asia-Pacific to benefit its employees, customers, suppliers, and other stakeholders across the globe. This strategy has two key elements: a plan to sell our North American Business and an agreement to sell our EMEA (Europe, Middle East and Africa) and Asia-Pacific business to its long-time lenders.*
These are important steps for our company, which will give both businesses the resources to invest in our employees, strengthen our market capabilities, and focus on customer success as we continue supplying high quality energy storage solutions.
To facilitate a value-maximizing sale of its businesses and further advance ongoing discussions with potential buyers, the Company and certain of its U.S. subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
* This agreement is subject to certain conditions outlined in the transaction documents, and higher or better offers.
INFORMATION AND RESOURCES
Suppliers will be mailed instructions for filing pre-petition claims with the Bankruptcy Court in due course. Suppliers may contact Prime Clerk, Exide’s noticing and claims agent, to ensure receipt of timely notice of the relevant deadlines by visiting https://cases.primeclerk.com/Exide2020/, by calling 877-429-4840, or by emailing [email protected].
Media Inquiries: please email [email protected].
For information about Exide’s 2013 restructuring, visit: https://www.exide.com/en/restructuring-information.