Marelli Automotive Lighting USA LLC, et al. Official Committee of Unsecured Creditors

Marelli Automotive Lighting USA LLC, et al. Official Committee of Unsecured Creditors

Case Number: 25-11034

District of Delaware

Frequently Asked Questions
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General Bankruptcy / Committee Questions
1. Why did Marelli file for bankruptcy? How did this come about?

Marelli has taken steps to strengthen its financial position as the Company (i.e., the Debtor companies that filed for Chapter 11, as detailed further in question #9 below) navigates a challenging environment. Market pressures impacting the entire industry have constrained the Company’s working capital and broader economic uncertainty is expected to persist in the near term. Entering the Chapter 11 process is a strategic step forward that will help build the Company’s momentum and improve the health of its balance sheet by swapping debt for equity, while ensuring operations continue as usual.

2. What is Chapter 11?

A company can voluntarily file for chapter 11 protection in the United States to restructure its long-term debt obligations through a court-supervised process while it continues to operate its business in the normal course.

Broadly, chapter 11 provides companies with a “breathing spell” and enables them to work with creditors and other stakeholders to agree on the terms of a financial restructuring and finalize a long-term business plan.

The primary goal of this process is to provide stability while the Company takes the necessary time to explore operational or strategic paths forward for its business.

3. Does this mean Marelli is going out of business?

Marelli will operate as usual, continuing to serve its international customer base.

4. Why was the filing necessary?

Marelli has taken this action to give its businesses – and all the people who depend on them – the best possible future.

Following a thorough review of various alternatives, Marelli determined the chapter 11 is the best way to address various balance sheet issues related to long-term corporate debt. By restructuring this debt, the Company will make significant improvements to its capital structure in order to become a more financially healthy company that is well positioned for growth.

Filing for chapter 11 affords Marelli the necessary court protection to continue operating its business in the normal course, including paying employees and suppliers and serving its customers.

The court-supervised process will ultimately allow the Company to emerge with a sustainable capital structure and greater financial flexibility to continue investing in its innovation pipeline.

5. Who is the judge presiding over these Chapter 11 Cases?

The bankruptcy cases are assigned to the Honorable Judge Craig T. Goldblatt, United States Bankruptcy Judge for the District of Delaware.

6. How long is the restructuring expected to take?

As outlined within the motion to extend the debtors’ exclusivity period to file a plan [D.I. 952], the current timeline for the case includes the following milestones:

  • Deadline for Marelli to file a plan and disclosure statement is January 29th, 2026.
  • Deadline for approval of the disclosure statement is March 5th, 2026.
  • Entry of the confirmation order is May 4th, 2026.
  • Emergence from Chapter 11 is June 13th, 2026.
7. What is the future business plan and what will the Company look like after Chapter 11?

The post-emergence structure of the Company is still under discussion and negotiation with key stakeholders. A public version of the business plan will likely be filed in the coming months as an exhibit to the Company’s Disclosure Statement.

8. Will the current leadership team remain in place during this process?

The Company will continue under current leadership and you should not expect any changes to your relationship with Marelli.

9. Who are the Debtors?

The Debtors are those entities that filed for bankruptcy protection, including Marelli Holdings Co., Ltd, Marelli Corporation, Marelli North America and others listed at https://case.stretto.com/marelli/debtors.

10. Who is SVP?

Strategic Value Partners (“SVP”) is a global alternative investment firm and one of Marelli’s largest lenders. SVP and other lenders are providing the debtor-in-possession (“DIP”) financing that ensures the Company can continue to operate in the ordinary course of business through the completion of chapter 11. They are supportive and confident in Marelli’s underlying business and believe in its long-term potential.

Under the current Restructuring Support Agreement, SVP and other lenders in the Ad Hoc Group of Senior Lenders are positioned to take ownership of the Company upon emergence from Chapter 11 bankruptcy.

11. What is the Official Committee of Unsecured Creditors?

The Official Committee of Unsecured Creditors (also often referred to as the “UCC” or “Committee”) is a formal group of unsecured creditors appointed by the United States Trustee to represent the interests of all unsecured creditors in a Chapter 11 bankruptcy case

12. What is the role of the Official Committee of Unsecured Creditors?

The function of the Committee is to act as a fiduciary for all general unsecured creditors, including customers, OEMs and suppliers of the Debtors. The general duties of the Committee are set forth in section 1103 of the Bankruptcy Code. The Committee and its advisors are focused on maximizing value for unsecured creditors and are in the process of analyzing the Debtors’ assets and liabilities, conducting investigations into various pre-petition transactions, identifying potential estate claims and causes of action, and, in short order, working with the Debtors on the negotiation, formulation and implementation of a chapter 11 plan of reorganization. The Committee retained Paul Hastings LLP, and Morris James LLP, as its legal counsel, and FTI Consulting, Inc., as its financial advisor.

13. Who are the members of the Official Committee of Unsecured Creditors?

Pursuant to the Second Amended Notice of Appointment of Committee of Unsecured Creditors [D.I. 922], the United States Trustee appointed the following members to the Committee:

  • Nissan North America, Inc.
  • Mazda North American Operations
  • Tesla, Inc.
  • Avnet, Inc.
14. Why am I receiving information about these Chapter 11 cases?

Certain notices are sent to all potential creditors in Chapter 11 cases. If you received a notice in this case, it is most likely because you are either a customer, OEM or supplier of the Debtors or have done business with one or more of the Debtors in the past. Receiving a notice does not necessarily mean you are owed money or that any action is required, but you should review materials received from the Court and the Debtors and ensure your individual rights are preserved.

15. Who is Verita?

Verita Global (“Verita”), previously known as Kurtzman Carson Consultants, LLC, is the Court-appointed Claims and Noticing Agent. Verita was retained by the Debtors to, among other things, (a) distribute proof of claim forms to parties in interest, (b) receive, maintain, docket and otherwise administer proof of claim forms received electronically, by mail, or by hand delivery, and (c) distribute other notices pertinent to these cases, including regarding voting on a plan of reorganization.

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Claim Questions
16. How do I submit a “proof of claim”?

Pre-petition claims will need to be submitted for payment in accordance with a process that will be established and communicated to creditors at a later date. Information about the claims process is available on the following website: https://www.veritaglobal.net/marelli/info/14447. A proof of claim must be filed by the bar date in order to maintain the right to pursue a claim in these cases. The bar date has not yet been set, but you could be receiving a notice once a bar date has been set.

17. Why has my claim been marked as contingent, unliquidated, or disputed? Do I need to take further action?

Information on why claims have been marked as contingent, unliquidated, or disputed can be found here. The following provide a general guideline as to the differences between contingent, unliquidated, and disputed claims:

  • Contingent claims are debts that are owed in the future, depending on whether a certain event takes place.
  • Unliquidated claims are for debts with amounts that have not yet been determined at the time the bankruptcy petition was filed.
  • Disputed claims are for debts that the Debtors dispute.

If your claim has been marked as contingent, unliquidated, or disputed, you may be required to file a proof of claim if a bar date is set in these cases in order to maintain the right to pursue a claim in these cases. The bar date has not yet been set, but you should be receiving a notice if a date is set.

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All Suppliers
18. How do I know if my relationship is with an entity that is part of this process?

You can find a full list of filing entities at https://case.stretto.com/marelli/debtors.

19. We have a contract with the Company. Is the Company going to be able to satisfy it?

The Debtors expect to pay suppliers under customary terms for goods and services provided post-petition on or after June 11, 2025, the time of the Chapter 11 filings.

20. Will we be paid for goods and services delivered prior to the filing date (i.e. prepetition)?

The Debtors will be working with their suppliers regarding obligations which arose before the Chapter 11 filing to reach agreements on payment terms.

If you believe you are owed money for goods or services provided before the filing date, additional information related to the proceeds, including the claims process, are available on a separate website administrated by the Debtors’ claims agent, Verita, at www.veritaglobal.net/Marelli; by calling Verita’s representatives toll-free at 877-606-7509 or +1 310-751-2626 for calls originating outside of the U.S. or Canada; or by emailing Verita at www.veritaglobal.net/Marelli/inquiry.

For more information about specific orders or invoices, please refer to the MyInvoice Portal.

Additionally, for any general questions on your claim, or status of your claim, please feel free to reach out to the Alvarez & Marsal team, the Company’s financial advisor - MarelliClaims@alvarezandmarsal.com.

21. How do I know whether I am affected by the filing? How do I know if my claim is considered pre- or post-petition? What’s the difference?

Goods and services delivered to any debtor entity on or after June 11, 2025, the date of the Chapter 11 filings, are “post-petition,” and the Debtors fully expect to pay for them in the ordinary course of business.

Goods and services that were delivered prior to the filing will be settled as part of the Chapter 11 process, the Debtors cannot pay any of these “pre-petition” claims without specific approval from the bankruptcy court. Suppliers who have pre-petition claims will be provided with a proof-of-claim form to be completed and filed with the court. This form can also be found online HERE.

If you are unsure about whether your claim is considered pre- or post-petition, you should consult with your own attorney.

22. My company issued an invoice after the filing date for goods or services provided prior to the filing. Is it pre-petition or post-petition?

The determination of whether the claim is pre- or post-petition is based on the date of delivery, not on the date of the invoice. If goods or services were delivered to the debtors or an affiliate before June 11, 2025, the claim is considered pre-petition and will be settled as part of the Chapter 11 case. Payments for all other deliveries made on or after June 11, 2025 will be made in the normal course.

23. Will the Company continue to order goods and services from its suppliers?

Yes. Chapter 11 encourages daily business operations to continue as usual and the filing is not expected to disrupt the Debtors’ order flow. The Debtors will pay suppliers under normal terms for goods and services provided on or after the filing date.

24. Why should I continue doing business with the Company now?

The Debtors fully expect to continue operating the business and serving their customers as normal through the Chapter 11 process. This court-supervised process allows the Debtors to stabilize operations and continue to invest in the business by focusing on innovation and long-term growth.

The Debtors will pay suppliers under normal terms for good and services provided on or after the filing date.

25. Can I change the terms of my current contracts?

No, the automatic stay imposed in the Chapter 11 cases prohibits suppliers from taking such actions and bankruptcy law requires that suppliers continue to perform according to the terms of existing agreements.

26. Does Marelli have the necessary financial resources to pay suppliers while undergoing the Chapter 11 process?

Yes. In connection with the court-supervised process, Marelli has received a commitment for approximately $1.1 billion in debtor-in-possession financing from its lenders.

This capital injection, in combination with cash generated from the Company’s ongoing operations, is expected to provide the Company with sufficient liquidity to support business activities throughout the restructuring. This additional capital from the Company’s lenders also underscores their continued support and confidence in its underlying business and long-term potential.

27. When will I be paid for goods and services delivered before Marelli’s Chapter 11 filing? Is there anything I can do to expedite this process?

Goods and services that were delivered prior to Marelli’s filing must be settled as part of the Chapter 11 process, as the Debtors cannot pay any of these “pre-petition” claims without specific approval from the bankruptcy court.

No, there is nothing you can do to expedite the payment process for any good or service you delivered prior to Marelli’s Chapter 11 filing.

28. Are there any forms I need to complete or any other actions I need to take now to file my claim?

Suppliers who have pre-petition claims will be provided with a proof-of-claim form to be completed and filed with the court. This form can also be found online HERE.

29. Will I be paid in full for my claim and when? Where do I stand in the order for repayment?

The treatment of all prepetition claims remains under negotiation with the Company’s key stakeholders. The process must be administered by the bankruptcy court in the repayment order dictated by U.S. bankruptcy law.

30. Can my company reissue an invoice to be dated after the filing to expedite payment?

No. The determination of whether the claim is pre- or post-petition is based on the date of delivery, not on the date of the invoice. If goods or services were delivered to the debtors or an affiliate before June 11, 2025, the claim is considered pre-petition, regardless of the date of the invoice, and will be settled as part of the Chapter 11 case. Payments for all other deliveries will be made in the normal course.

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31. How will the Chapter 11 filing affect Marelli’s relationship with its clients?

The process will allow Marelli to strengthen its business and be a better partner to its customers. The Chapter 11 filing has no impact on the Company’s business or how it serves its customers. Marelli will continue to fulfill orders as usual. This process will not result in any changes to your relationship with Marelli, including your contacts, billing or other support processes. The court-supervised process will ultimately allow Marelli to emerge with a sustainable capital structure and greater financial flexibility to continue investing in its innovation pipeline.

32. Does Marelli have sufficient capital to continue operating through this process?

Yes. In connection with the court-supervised process, Marelli has received a commitment for approximately $1.1B in debtor-in-possession financing from its lenders.

This capital injection, in combination with cash generated from the Debtors’ ongoing operations, is expected to provide the Debtors with sufficient liquidity to support all current business activities throughout the restructuring.

This additional capital from the Debtors’ lenders also underscores their continued support and confidence in the Debtors’ underlying business and their long-term potential.

33. Why should I continue doing business with the Company now?

Marelli fully expects to continue operating the business and serving its customers as normal throughout the Chapter 11 process, which will allow it to strengthen its business and better serve you going forward. There are no changes to Marelli’s relationship with you, including your contacts, billing or other support processes. It is business as usual at Marelli.

34. Is Marelli still fulfilling orders?

Yes. Marelli expects to continue operating as normal throughout this process and fulfill orders under normal terms.

35. Can I still place new orders?

Yes. Marelli is actively taking and fulfilling orders. There are no changes to Marelli’s relationship with you, including your contacts, billing or other support processes. Marelli’s sales and customer services teams remain available to support your needs.

36. Should I be worried about disruptions in supply?

No. Marelli is working closely with its suppliers and expect to continue operating as normal throughout this process.

37. Will product availability or delivery timelines be affected?

Marelli is working to ensure that the filing does not temporarily disrupt how it works with you, including as it relates to timing of deliveries. Please reach out to your usual point of contact for information about specific orders.

38. Does the Company expect to maintain its current client service teams? Who can I contact with questions?

Yes. Marelli’s customer service team remains active and committed to assisting you with any inquiries or concerns throughout the restructuring process. Should you have any questions, please reach out to your usual point of contact. Additional information regarding the court-supervised process is available at MarelliForward.com.

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