Linklaters advised The LYCRA Company, a global leader in developing fiber and technology solutions for the apparel and personal care industries, on its successful comprehensive financial restructuring through a pre-packaged Chapter 11 process on May 20, 2026.
Having reduced its total long-term debt by more than $1.2 billion, LYCRA has emerged from its comprehensive restructuring process with significantly enhanced financial flexibility and a strengthened balance sheet to support long-term growth. LYCRA will also obtain more than $75 million in new money investment.
As part of the restructuring, LYCRA will be supported by new equity owners — investment funds with a global presence that have been long-term investors in the company’s securities. Collectively, the funds bring deep experience and commitment to LYCRA, its products, and its brands, and are committed to building on the positive momentum of the restructuring process by investing in LYCRA’s future success.
The Linklaters team advising LYCRA was led by Restructuring & Insolvency Partners Michael Torkin in New York and James Warboys and Liam Robinson in London.
Additional Restructuring & Insolvency support was provided by New York Partners Daniel Guyder and Christopher Hunker, New York Associates Clark Xue, Ramsey Scofield, Matthew Bopp, and Curtis Smith, and London Associates Rollo Speak, Ian Tsui, Freddie Beaumont, Ellie Park, and Robyn Wyatt. Banking support was provided by New York Partner Danelle Le Cren, London Partner Paul Kuipers, New York Counsel Andres Loera, New York Associates Alfredo Hwang and Michal Folczyk, and London Associate Kimberly Martin. Capital Markets support was provided by New York Partner Kristina Trauger, London Partner Christianne Williams, and London Associate Kristian Sutt. Litigation support was provided by New York Partner Muhammad Faridi and Associate Sarah Hardtke. Tax support was provided by New York Partner Gabe Grossman, London Counsel Omer Harel, and New York Associates Reuven Rosen and Erika Jensen. Executive Compensation & Employee Benefits support was provided by New York Partner Andrew Gaines and Associate Maddy Hayes. IP support was provided by New York Partner Shruti Chopra.
