Incora and certain affiliates (collectively, “Incora” or the “Company”), a leading global provider of innovative supply chain management solutions, announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization (the “Plan”). The confirmation clears the path for Incora to successfully emerge from Chapter 11 protection in January 2025, with significantly less debt and well positioned for long-term financial success.

“We are extremely pleased that the Court has confirmed our Plan. Over the past year and a half, we have taken significant steps to strengthen Incora’s market-leading position. Through the restructuring process, we have paved the way to emerge stronger with our suppliers and closer with our customers, poised for growth,” said David Coleal, Chief Executive Officer of Incora. “We are very proud of these accomplishments, and with our talented and committed work force we are confident we will continue this momentum in the next chapter of our company’s story. Incora will complete this process better positioned to empower our customers to meet their critical business needs.”

Additional resources for stakeholders can be accessed by visiting the Company’s claims agent website at veritaglobal.net/incora, or by contacting Verita Global, the Company’s noticing and claims agent, at +1 (888) 251-2937 (for toll-free U.S. or Canada calls) or +1 (310) 751-2613 (for tolled international calls).

Incora is advised in this matter by Milbank LLP as restructuring counsel, PJT Partners as financial advisor and Alvarez & Marsal as restructuring advisor.