US Lender Steps In as Carbon Revolution Faces $347 Million in Losses
Geelong, Australia, May 20, 2026, 19:54 Carbon Revolution is out of voluntary administration as a private firm now led by OIC, the US investment group that was its main secured lender. Creditors approved a recap plan for the Geelong carbon-fibre wheel maker. The company said it has no senior secured debt after the restructure, so loans with first claim on assets are gone.