Northwest Hardwoods, Inc., (HQ: Tacoma, WA), filed a voluntary Chapter 11 bankruptcy petition on November 23, 2020. Fee Amount $1717. We are the largest manufacturer and global supplier of hardwood lumber. The Tacoma, Wash., lumber firm stated it plans to implement the restructuring both via an out-of-court debt-for-equity swap or via a prepackaged chapter 11 […] Manufacture domestically, source globally, deliver reliably. Northwest Hardwoods, Tacoma, Washington. Among the largest unsecured claims are: Manufacture domestically, source globally, deliver reliably. Lumber Manufacturer Files for Bankruptcy After Taking Hits From Trade Wars and Pandemic Northwest Hardwoods has a creditor-backed restructuring plan … Market Insider is a business news aggregator for traders and investors that proposes to you the latest financial markets news, top stories headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs … We are the largest manufacturer and global supplier of hardwood lumber. 8.5K likes. As a result, we foresee that a default or debt restructuring could be inevitable over the next six months, absent unanticipated significantly favorable changes in the company's circumstances. 8.4K likes. On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Northwest Hardwoods Inc., owned by private-equity firm Littlejohn & Co., on Friday said it reached an agreement on a financial restructuring that will reduce its debt by about $270 million. Northwest Hardwoods, Inc. is located in Tacoma, WA, United States and is part of the Lumber & Plywood Product Manufacturing Industry. What is Market Insider? Northwest Hardwoods laid off more than 40 employees at its Longview mill in the wake of the company’s struggle to secure a steady supply of raw materials. “On November 23, Northwest Hardwoods and certain of its affiliates took the next step in implementing its restructuring support agreement by filing voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware,” the company wrote in a release. Northwest Hardwoods Paper & Forest Products Tacoma, Washington 3,168 followers America's largest and only coast to coast hardwood lumber producer. There are 38 companies in the Northwest Hardwoods, Inc. corporate family. Northwest Hardwoods, Inc. has filed for Chapter 11 bankruptcy, seeking to eliminate $270 million in debt and financially restructure the company, which has 30 facilities across North America. Northwest Hardwoods (NWH) has entered into a restructuring agreement with shareholders to help it recover $270 million in debt. We are the largest manufacturer and global supplier of hardwood lumber. Nov 23: 1 Petition Chapter 11 Voluntary Petition . Manufacture domestically, source globally, deliver reliably. 20-13005). TACOMA, Wash., Nov. 24, 2020 /PRNewswire/ -- On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") took … 8.5K likes. The Company offers hardwood, plywood and lumber products. 8.4K likes. Northwest Hardwoods, Tacoma, Washington. Northwest Hardwoods serves customers in the United States. Northwest Hardwoods, Tacoma, Washington. Northwest Hardwoods, Inc., a Tacoma, Wash.-based privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed for chapter 11 protection early this morning, Nov. 23, in the Bankruptcy Court for the District of Delaware, along with two affiliates. The negative outlook on Northwest Hardwoods reflects our belief that its operating results will remain weak over the next few quarters, increasing the risk of a debt restructuring or … Northwest Hardwoods, Inc. (NWH) reports it has entered into a restructuring support agreement (RSA) with holders of more than 95% in principal amount of the company’s secured notes and certain of its existing equity holders to execute a transaction that will reduce the company’s debt by $270 million and position NWH for future growth and success. Northwest Hardwoods, Inc., headquartered in Tacoma, Washington, is a national manufacturer and distributor of hardwood lumber used for diverse products such as mill work, cabinetry, flooring, and furniture. On November 23, 2020, Northwest Hardwoods, Inc. of Tacoma, WA, a privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. Littlejohn & Co., through its affiliates, is the primary owner of Northwest. We are lowering our issuer credit ratings on Northwest Hardwoods to 'CCC-' from 'CCC'. Manufacture domestically, source globally, deliver reliably. Northwest Hardwoods Inc., owned by private-equity agency Littlejohn & Co., on Friday stated it reached an settlement on a monetary restructuring that can cut back its debt by about $270 million. We are the largest manufacturer and global supplier of hardwood lumber. Northwest Hardwoods, Inc. manufactures and distributes wood products. Northwest Hardwoods, Tacoma, Washington. Filed by Northwest Hardwoods, Inc.. (Beach, Sean) (Entered: 11/23/2020) Nov 23: 2 Affidavit/Declaration in Support of First Day Motion // Declaration of Nathan Jeppson in Support of the Debtors' Chapter 11 Petitions and Requests for First Day Relief Filed By Northwest Hardwoods, Inc. (Beach, Sean) (Entered: 11/23/2020) The outlook is negative. In its bankruptcy filing, Northwest Hardwoods, Inc., claimed $100 to $500 million in estimated liabilities.. Northwest Hardwoods, Inc. has 2,000 total employees across all of its locations and generates $791.16 million in sales (USD). Plywood and lumber products northwest hardwoods restructuring are: Northwest Hardwoods to 'CCC- ' from 'CCC ' 23: 1 Chapter. 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