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H-Food Holdings, parent of Hearthside Food Solutions, files for Chapter 11 bankruptcy to reduce debt and secure funding.
H-Food Holdings, parent company of Hearthside Food Solutions, has filed for Chapter 11 bankruptcy protection.
The move is expected to reduce the company's debt by $1.9 billion and provide a $200 million cash infusion upon exiting bankruptcy in early 2025.
Despite the bankruptcy, operations will continue without disruption, ensuring employee wages, benefits, and vendor obligations are maintained.
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H-Food Holdings, padre de Hearthside Food Solutions, solicita la quiebra del Capítulo 11 para reducir la deuda y asegurar la financiación.