Case Study: REVA Medical achieves successful Chapter 11 restructuring with Stretto

REVA Medical Inc. - Customer Case Study

REVA Medical Inc., a medical-device manufacturer, faced significant financial distress and filed for Chapter 11 bankruptcy due to disappointing sales of its dissolvable stents, heavy liabilities, and complex international regulatory challenges. The company engaged Stretto to assist with the administration of its pre-packaged restructuring plan.

Stretto collaborated with REVA's advisors to manage the complex noticing process for international creditors across nearly 15 European countries. This involved navigating strict local publishing regulations, utilizing diplomatic channels, and creating a customized case website. Stretto's efforts ensured the successful confirmation of the restructuring plan, which allowed REVA to remain a viable company and pivot its focus to new, innovative vascular product lines.

REVA Medical Inc.