Vertex Energy Files For Chapter 11 Bankruptcy, Secures $80M Lifeline Financing [Yahoo! Finance]
Vertex Energy, Inc (VTNR)
Last vertex energy, inc earnings: 11/8 06:02 am
Check Earnings Report
US:NASDAQ Investor Relations:
vertexenergy.com/investor-relations
Company Research
Source: Yahoo! Finance
On Tuesday, the company inked a Restructuring Support Agreement (RSA) with full backing from its term loan lenders and filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas Notably, the company has filed customary first-day motions and plans to operate normally while pursuing a comprehensive restructuring strategy under the RSA. To support this process, the Consenting Term Loan Lenders have agreed to provide $80 million in Debtor-In-Possession financing, subject to specific terms and conditions. The company has also filed a Chapter 11 plan and bidding procedures, aiming to confirm its Chapter 11 plan by the end of the year. Chief Restructuring Officer, Seth Bullock of Alvarez & Marsal, said, “We have gained significant momentum with the partnership of Vertex's lenders over the last several months and believe the restructuring support agreement and related milestones will allow the Company to initiate a fresh start and improve long-term value as
Show less
Read more
Impact Snapshot
Event Time:
VTNR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VTNR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VTNR alerts
High impacting Vertex Energy, Inc news events
Weekly update
A roundup of the hottest topics
VTNR
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 and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital Structure [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