TOKYO (Reuters) -Marelli Holdings, a Japanese auto parts supplier owned by private equity firm KKR, is considering filing for Chapter 11 bankruptcy protection in the United States, Kyodo news agency reported on Saturday, citing unnamed sources.
Marelli, a key supplier to embattled Japanese automaker Nissan Motor, is looking into the Chapter 11 option to ensure its business operations won’t be halted even if its restructuring talks with creditors fall through, Kyodo said.
Marelli said in a statement in response to Reuters that it does not comment on market rumours or speculation.
Marelli is in negotiations with lenders to secure additional loans and intends to operate as usual while those talks are underway, the company also said.
(Reporting by Kiyoshi Takenaka; Editing by Tom Hogue)
