Brief: Vertex Energy Says Co And Its Lenders Initiate Formal Pathway Aimed At Achieving Sustainable Capital Structure

Vertex Energy

24/09/2024 23:51

Sept 24 (Reuters) - Vertex Energy Inc  VTNR.O :
    * VERTEX ENERGY AND ITS LENDERS INITIATE FORMAL PATHWAY
AIMED AT
ACHIEVING SUSTAINABLE CAPITAL STRUCTURE
    * VERTEX ENERGY INC- $80 MILLION IN NEW DEBTOR-IN-POSSESSION
FINANCING TO FULLY SUPPORT DAY-TO-DAY BUSINESS OPERATIONS
    * VERTEX ENERGY - ENTERS INTO RESTRUCTURING SUPPORT
AGREEMENT WITH
LENDERS TO COMMENCE EXPEDITED VOLUNTARY CHAPTER 11 PROCEEDING
    * VERTEX ENERGY INC- ANTICIPATES CONFIRMING THEIR CHAPTER 11
PLAN
BY END OF YEAR

Source text for Eikon:  ID:nBw8lChhma 
Further company coverage:  VTNR.O 

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