Cardone Industries, Inc. Completes Out-of-Court Restructuring

On May 13, 2020, Cardone Industries, Inc. (“Cardone”), a portfolio company of Brookfield Capital Partners, LLC (“Brookfield”) closed a comprehensive out-of-court restructuring involving all of Cardone’s then-existing equity and $770 million of debt. King & Spalding advised Cardone, the largest privately held automotive parts remanufacturer in the world. Headquartered in Pennsylvania, Cardone operates factories in key locations including Pennsylvania, Texas, Mexico and Canada and employs over 5,500 employees.