Jaoson Industries, Inc. is heading towards bankruptcy, as of June 5, 2020. The Company is expected to file a Chapter 11 bankruptcy petition as it has entered into a restructuring support agreement with certain of its senior secured lenders. The comprehensive restructuring plan will ultimately deleverage the Company’s balance sheet by $250 million. The Company is anticipated to emerge as a private enterprise, and equity holders are not anticipated to receive a recovery. Moelis & Company LLC, is acting as financial advisor, Kirkland & Ellis LLP as legal counsel, and AlixPartners, LLP as restructuring advisor to the Company in connection with the Restructuring. Houlihan Lokey Capital, Inc. is acting as financial and restructuring advisor and Weil, Gotshal & Manges LLP is acting as legal counsel to the Consenting Creditors.