Northwest Hardwoods, Inc. manufactures and distributes wood products. We are the largest manufacturer and global supplier of hardwood lumber. We are lowering our issuer credit ratings on Northwest Hardwoods to 'CCC-' from 'CCC'. The Company offers hardwood, plywood and lumber products. 20-13005). On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Northwest Hardwoods Inc., owned by private-equity agency Littlejohn & Co., on Friday stated it reached an settlement on a monetary restructuring that can cut back its debt by about $270 million. Northwest Hardwoods, Tacoma, Washington. Filed by Northwest Hardwoods, Inc.. (Beach, Sean) (Entered: 11/23/2020) Nov 23: 2 Affidavit/Declaration in Support of First Day Motion // Declaration of Nathan Jeppson in Support of the Debtors' Chapter 11 Petitions and Requests for First Day Relief Filed By Northwest Hardwoods, Inc. (Beach, Sean) (Entered: 11/23/2020) 8.5K likes. The outlook is negative. Manufacture domestically, source globally, deliver reliably. Northwest Hardwoods Paper & Forest Products Tacoma, Washington 3,168 followers America's largest and only coast to coast hardwood lumber producer. Northwest Hardwoods, Tacoma, Washington. 8.5K likes. Northwest Hardwoods, Inc., headquartered in Tacoma, Washington, is a national manufacturer and distributor of hardwood lumber used for diverse products such as mill work, cabinetry, flooring, and furniture. Northwest Hardwoods (NWH) has entered into a restructuring agreement with shareholders to help it recover $270 million in debt. Northwest Hardwoods, Tacoma, Washington. Northwest Hardwoods, Inc., a Tacoma, Wash.-based privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed for chapter 11 protection early this morning, Nov. 23, in the Bankruptcy Court for the District of Delaware, along with two affiliates. We are the largest manufacturer and global supplier of hardwood lumber. There are 38 companies in the Northwest Hardwoods, Inc. corporate family. Northwest Hardwoods laid off more than 40 employees at its Longview mill in the wake of the company’s struggle to secure a steady supply of raw materials. Manufacture domestically, source globally, deliver reliably. We are the largest manufacturer and global supplier of hardwood lumber. What is Market Insider? Northwest Hardwoods, Inc. has filed for Chapter 11 bankruptcy, seeking to eliminate $270 million in debt and financially restructure the company, which has 30 facilities across North America. We are the largest manufacturer and global supplier of hardwood lumber. In its bankruptcy filing, Northwest Hardwoods, Inc., claimed $100 to $500 million in estimated liabilities.. “On November 23, Northwest Hardwoods and certain of its affiliates took the next step in implementing its restructuring support agreement by filing voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware,” the company wrote in a release. 8.4K likes. 8.4K likes. On November 23, 2020, Northwest Hardwoods, Inc. of Tacoma, WA, a privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. The Tacoma, Wash., lumber firm stated it plans to implement the restructuring both via an out-of-court debt-for-equity swap or via a prepackaged chapter 11 […] Nov 23: 1 Petition Chapter 11 Voluntary Petition . The negative outlook on Northwest Hardwoods reflects our belief that its operating results will remain weak over the next few quarters, increasing the risk of a debt restructuring or … Fee Amount $1717. Northwest Hardwoods Inc., owned by private-equity firm Littlejohn & Co., on Friday said it reached an agreement on a financial restructuring that will reduce its debt by about $270 million. 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