Skip to content

Information and Resources

Press Releases

February 7, 2020

American Commercial Lines Inc. Commences Next Step to Implement Prepackaged Recapitalization Plan

February 4, 2020

American Commercial Lines Inc. Reaches Agreement with Lenders on Prepackaged Plan to Recapitalize Business

Supplier Information

ACL Supplier Letter

ACL Supplier FAQ

Customer Information

ACL Customer Letter

ACL Customer FAQ

American Commercial Lines Continues Normal Operations During Recapitalization

American Commercial Lines Inc. (together with certain of its affiliates, “the Company” or “ACL”) is continuing to provide reliable, innovative and competitive barge transportation solutions as it takes action to address its financial position.

ACL has reached an agreement with its lenders on a pre-packaged plan to recapitalize the business, significantly reduce the Company’s debt and materially increase its liquidity. Under the terms of the plan, ACL will receive $200 million in new capital to support liquidity and investments in the business. In addition, the agreement provides for a reduction of funded debt by approximately $1 billion.

As expected, to implement this plan, which has the support of a substantial majority of the Company’s lenders, ACL filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code on February 7, 2020.

The Company’s operations are continuing as normal. Upon emergence, ACL will continue to provide customers with competitive and reliable barge transportation services.

An Update from ACL President and CEO Mark Knoy

Media Contacts

Michael Freitag / Aaron Palash / Kate Thompson
Joele Frank Wilkinson Brimmer Katcher
media-acl@joelefrank.com
212-355-4449

Additional Information

Additional information is available by calling the Company’s Recapitalization Hotline, toll-free in the U.S., at (877) 425-3088. For calls originating outside of the U.S. please dial (917) 994-8379.

Court documents and additional information about the court-supervised process can be found at a website administrated by the Company’s claims agent, Prime Clerk, at https://cases.primeclerk.com/acl.