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RDM recapitalisation enters court approval phase

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RDM recapitalisation enters court approval phase
Financially troubled Italian recycled carton board producer Reno De Medici (RDM) has entered the legal implementation phase of its planned recapitalisation. In early August 2026, the company signed a Debt Restructuring Agreement with its financial creditors under Article 57 of the Italian Insolvency Code and filed it with the Court of Milan.

The agreement has unanimous backing from lenders under RDM’s revolving credit facility and support from noteholders representing 96.11% of its €600m outstanding notes. It would convert up to €300m of debt into equity and provide €100m in new financing. 

Existing shareholders would retain a 5% economic interest and, subject to court approval and other conditions, completion is expected in the fourth quarter of 2026.

Read more on this story at EUWID Pulp and Paper
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