Resource Label creditors hire Lazard ahead of restructuring talks
Creditors of packaging firm Resource Label, backed by Ares Management, have hired Lazard to prepare for restructuring talks, the Wall Street Journal reports.
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what happened
Creditors of Resource Label Group have hired the investment bank Lazard to prepare for restructuring talks with the company, which is backed by Ares Management. The Wall Street Journal reports the move, citing people familiar with the matter.
Lenders holding most of the first-lien debt are exploring a possible restructuring before maturities in 2028. They are concerned about cash burn and high leverage. The company has brought in Evercore and the law firm Simpson Thacher & Bartlett, while the lenders have retained Gibson Dunn & Crutcher.
In July, S&P Global Ratings cut Resource Label's rating one notch into junk territory, citing a growing cash flow deficit. The company also lost a key beverage customer last year.
why it matters
For markets, this is a sign of pressure on high-yield bonds and leveraged loans in the packaging and label sector, where makers face rising input costs and softer demand. The deal is local in scope, but it shows how hard it can be to service debt at companies that grew through aggressive acquisitions.
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- Resource Label Creditors Engage Lazard for Restructuring Talks — WSJ, 27 October 2026 at 17:52 UTC
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