Northwest Hardwoods Inc., the largest hardwood lumber producer in US, retreated into Chapter 11 in Delaware last week, saying fallout from trade disputes with China and the blighting of markets by the COVID-19 pandemic had stunted its ability to service more than $420 million in secured debt. The ongoing COVID-19 pandemic has pushed several lumber companies into bankruptcy. Northwest Hardwoods became the latest to seek Chapter 11 protection with more than $420 million in debt. The company reported plans for a restructuring and refinancing after telegraphing its moves on Nov ...
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