Clearlake’s Pretium Packaging Clinches Deal to Restructure Debt

Clearlake Capital Group-owned bottle and jar manufacturer Pretium Packaging reached a deal with a majority group of lenders to restructure its debt and continue operating, according to people with knowledge of the matter.

The private equity firm will stay the largest shareholder in St. Louis-based Pretium under a signed restructuring agreement with creditors, said the people, who asked not to be identified discussing private information.