Transcendia announces significant new capital investment to support next phase of growth and value creation initiatives

Recapitalization transaction provides $114 million in new money financing and more than  $200 million in total debt reduction  industrial opportunity partners to become majority shareholder with goldman sachs asset management retaining significant minority ownership  franklin park, ill. , may 2, 2024 /prnewswire/ -- transcendia holdings, inc. ("transcendia" or the "company"), a leader in manufacturing and converting custom engineered films, today announced it has entered into an agreement for a recapitalization transaction that will strengthen the company's financial position and create a sustainable, long-term capital structure for the next phase of growth.
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