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
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US:NASDAQ Investor Relations:
vertexenergy.com/investor-relations
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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
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VTNR
News
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 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
VTNR
Earnings
- 8/8/24 - Miss
VTNR
Sec Filings
- 10/9/24 - Form 8-K
- 10/1/24 - Form SC
- 10/1/24 - Form SC
- VTNR's page on the SEC website