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ATD chapter 11 leaves tyremakers with >$589 million outstanding

Author: Chris Anthony Comments: 0
Source: U.S. Bankruptcy Court for the District of Delaware; T&A research

When American Tire Distributors, Inc. (ATD) filed Chapter 11 on 22 October 2024, the large US tyre distributor did so for the second time in roughly six years. And it did so leaving tyremakers with north of US$589 million outstanding. If North America’s largest tyre brands weren’t nervous at this point, more than half of that will be connected to the balance sheet of just three tyremakers.

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