Norcold LLC (the “Company”), a distributor of refrigerators for recreational vehicles, marine equipment, and related aftermarket parts and products, has filed a voluntary petition for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to facilitate a sale of its assets to Dave Carter & Associates (“DCA”). The sale transaction with DCA, which will be implemented through a chapter 11 plan, will be subject to a Court-approved marketing process.

In connection with the restructuring process, the Company has reached an agreement with DCA to provide the Company with $13M of new capital in the form of a debtor-in-possession financing facility. Upon approval by the Court, this financing facility is expected to provide sufficient liquidity to operate the Company’s business during the pending of the chapter 11 cases.

Also as part of the restructuring process, the Company will file customary “First Day” motions to allow it to maintain normal business operations. The Company expects and intends to continue to honor warranty claims and to pay vendors under customary terms for goods and services received on or after the filing date.

Additional information regarding the Company’s restructuring process, including filings with the Court, is available at https://Cases.Stretto.com/Norcold.

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