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Stock impact report

Plastic-to-Fuel Recycling Plant That Owes Muni Debt Goes Bust [Yahoo! Finance Canada]

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Most Read from Bloomberg Brightmark Plastics Renewal LLC, which converts waste plastic into fuel, filed for Chapter 11 on Sunday, listing assets and liabilities between $100 million and $500 million. The plant employs 113 people and has $172.5 million in outstanding municipal bonds. The filing came after Brightmark Plastics missed a roughly $13 million debt payment due March 1. The plant's owner, San Francisco-based Brightmark Energy, had contributed more than $211 million in equity and determined it couldn't keep investing in the project, according to a court filing. The company's bonds last traded at about 16 cents on the dollar on Feb. 10. They were issued in March 2019. Bob Powell, Brightmark's CEO, didn't respond to a voicemail and Read more
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