💥Another Failed Liability Management Exercise (RobertShaw).💥

Two uptier liability management transactions couldn't stave off bankruptcy. War to come.

Buckle up, y’all. This one features some all-time clusterf*ckery.

On February 15, 2024, Illinois-based Robertshaw US Holding Corp. (“Robertshaw”) and seven affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the … 🥁drumroll please🥁 … Southern District of Texas (Judge Lopez) — the latest in an increasingly long and growing str…