Aleon Metals Uses MoFo, Norton Rose Fulbright for SDTX Bankruptcy

Lithium-ion battery recycler Aleon Metals and two of its subsidiaries, Gladieux Metals Recycling and Aleon Renewable Metals, filed for Chapter 11 restructuring Sunday in the Southern District of Texas.

Citing $100 million to $500 million in liabilities, the Freeport-based company said in its first-day filing that it has secured $188 million in debtor-in-possession financing and has entered into an agreement to sell the company in a “free-and-clear” transaction.