A bondholder group is poised to take control of the struggling wood-paneling company, Pfleiderer. This development comes despite Pfleiderer having secured fresh debt financing just eight months ago. The company has been backed by Strategic Value Partners.

Sources indicate that Arini and Silver Point are among the lenders expected to assume ownership. This move signifies a significant shift in the company's financial structure and ownership.

Pfleiderer, which specializes in wood-based panels, has faced considerable financial challenges. The impending takeover by its lenders highlights the severity of these difficulties and the company's inability to meet its financial obligations, necessitating a change in control to potentially stabilize its operations.