TPI Composites' Stock Soars 10.5% Amid Chapter 11 Bankruptcy Filing with $82.5M Financing Approval

TPI Composites, a wind turbine blade manufacturer, filed for Chapter 11 bankruptcy but its stock surged 10.5% due to court approval of initial motions and up to $82.5 million in debtor-in-possession financing. The company plans to maintain operations, pay employee wages, and deliver existing customer orders.

TPI Composites, a leading manufacturer of wind turbine blades, has filed for Chapter 11 bankruptcy to pursue a comprehensive restructuring. The company announced the move on August 11, 2025, and expects the process to position it for long-term success. TPI has secured debtor-in-possession financing of up to $82.5 million from its senior secured lenders, including funds managed by Oaktree Capital Management, L.P. [1].

The Chapter 11 filing allows TPI to reorganize its finances and operations under court supervision. The company plans to maintain normal business operations, continue supporting its customers, and deliver existing customer orders. TPI’s President and CEO, Bill Siwek, stated that the company remains committed to serving its customers and collaborating closely with its suppliers during this process [1].

The restructuring comes amid macroeconomic headwinds, operational, and regulatory challenges, and an outsized debt load relative to the size and scale of TPI’s business. The Chapter 11 process provides an orderly forum for TPI to implement balance sheet restructuring and gain additional financial flexibility to invest in its operations and execute strategic initiatives [1].

TPI expects to continue normal business operations during the restructuring process and intends to complete it with the support of key financial stakeholders as quickly and efficiently as possible. The company anticipates no material operational impact and is not planning to go out of business. TPI’s stock surged 10.5% following the court approval of initial motions and the announcement of the debtor-in-possession financing [1].

The restructuring process will not affect TPI’s day-to-day operations or its products and services. The company will continue to execute its strategic initiatives with additional financial flexibility. Oaktree is expected to become the new financial owner of TPI, which will emerge as a privately-held company. The ownership transition is not expected to impact TPI’s day-to-day business operations or its stakeholders [1].

TPI’s customers can continue to do business with the company as usual, with no changes to their contracts or agreements. The company values its partnerships and will continue to work closely with its suppliers and vendors throughout the process [1].

References:
[1] https://tpicomposites.com/about/financial-restructuring/