Acquisition of Real Alloy Assets Completed

BEACHWOOD, Ohio--(BUSINESS WIRE)-- Today, the businesses of Real Alloy Holding, Inc. and its subsidiaries successfully emerged from bankruptcy following the closing of the purchase of the Company’s assets by a group of former noteholders led by funds and accounts managed by DDJ Capital Management, LLC. The purchase included the operations in the United States, Germany, Norway, the United Kingdom, Mexico, Canada and its joint venture in Goodyear, AZ. The business will continue under the Real Alloy name and will maintain its headquarters in Beachwood, Ohio.

Following the asset purchase, the company's debt has been reduced by approximately $200 million and the transaction immediately provided the Company with a strong liquidity position. Going forward, Real Alloy will be a privately held company.

Terry Hogan, President of Real Alloy, stated, "We are pleased to have completed the asset purchase and move past the Chapter 11 bankruptcy process. We are very excited to be a company with a strong financial structure and supportive ownership that looks to further establish Real Alloy as the industry leader in the regions we serve. We thank our many customers and suppliers who continued to partner with us during this process and we look forward to building upon those relationships in the future. We also want to thank our employees for all of the hard work and dedication they showed.”

Additional Information on the Chapter 11 Proceedings

Court filings and other information related to the court-supervised proceedings are available at a website administered by the claims agent, Prime Clerk, at https://cases.primeclerk.com/realindustry. Additional information on Real Alloy can be found at its website www.realalloy.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180531006261/en/

RA Acquisition Purchaser, LLC to be known as Real Alloy Holding, LLC
Ray Weaver, 216-755-8873
[email protected]

Source: Real Alloy Holding, Inc.

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