Vertex Energy and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital Structure [Yahoo! Finance]
Vertex Energy, Inc (VTNR)
Last vertex energy, inc earnings: 11/8 06:02 am
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Source: Yahoo! Finance
$80 Million in New Debtor-In-Possession Financing to Fully Support Day-to-Day Business Operations Consensual Deal to Consummate a Chapter 11 Plan and/or Pursue a More Value-Maximizing Sale Transaction HOUSTON, September 24, 2024 BUSINESS WIRE )--Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced it entered into a Restructuring Support Agreement (the "RSA") with overwhelming support of 100% of the Company's term loan lenders (the "Consenting Term Loan Lenders"). To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Benjamin P. Cowart, President and CEO of Vertex, stated, "As we enter this next phase of our restructuring process through a formal proceeding, we are appreciative of the continued support from our lenders
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News
- Vertex Energy Initiates Bankruptcy Proceedings, Shares Plunge [Yahoo! Finance]Yahoo! Finance
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy Files For Chapter 11 Bankruptcy, Secures $80M Lifeline Financing [Yahoo! Finance]Yahoo! Finance
- Vertex Energy and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital StructureBusiness Wire
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
VTNR
Earnings
- 8/8/24 - Miss
VTNR
Sec Filings
- 9/26/24 - Form SC
- 9/26/24 - Form 8-K
- 9/6/24 - Form 3
- VTNR's page on the SEC website