Vertex Energy Initiates Bankruptcy Proceedings, Shares Plunge [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
VTNR plummeted more than 58% on Wednesday after the producer and marketer of refined products announced a Restructuring Support Agreement (RSA) with lenders andfiled for bankruptcy protection. With full support from its lenders, Vertex Energy has commenced a Chapter 11 case in the United States Bankruptcy Court for the Southern District of Texas to expedite the transactions under the RSA. The decision comes after the company failed in the renewable energy sector. Vertex's Restructuring Goals and Financial Support The critical funding of $80 million from the lenders under Debtor-in-Possession financing will not only help the company maintain its business continuity but also allow it to focus on a comprehensive restructuring program under the RSA. Per the Chief Restructuring Officer of Alvarez & Marsal, the RSA will help the company start afresh and improve its long-term value as it would only aim toward its growth and strengthening its organization. Reasons Behind Vertex's Ch
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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 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 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