Nortek Emerges from Bankruptcy

NTK Holdings Inc. (Nortek), a Providence, R.I.-based maker of ventilation, air conditioning and heating products, has completed its financial restructuring and emerged from Chapter 11 bankruptcy. The restructuring eliminated around $1.3 billion in debt, and includes a new $250 million asset-based credit facility for working capital. Prior to its bankruptcy, Nortek had been owned by THL Partners.

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