Indalex second-lien noteholders hire Convergence as financial adviser

By Caroline Salls

Pittsburgh, April 30 - An informal committee of Indalex Holding Corp.'s 11½% second-priority senior secured notes due 2014 has hired Convergence Capital Partners, LLC as its financial adviser in connection with Indalex's bankruptcy case, according to a Convergence news release.

"Our team of senior advisers has been working 24/7 on behalf of the second-lien bondholders of Indalex to maximize their recovery in the bankruptcy case," Convergence Capital founding partner Alex Kasdan said in the release.

Indalex, a Chicago-based producer of soft alloy extrusion products and an aluminum extruder, filed for bankruptcy on March 20 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 09-10982.

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