- Enters Agreement with Lender Group on Terms of Comprehensive Restructuring
- Files Voluntary Petitions Under Chapter 11 to Implement Agreement
- Reorganization Designed to Align Capital Structure with Strong Operating Assets and Logistical Business to Deliver Long-Term Competitive Cost Structure and Profitability Across Industrial and Energy Segments
- Continues Normal Operations and Serving Customers Across its Industrial and Energy Markets
- Approximately $250 Million of Cash Currently on Hand to Fund Operations and Manage Reorganization Process
PR Newswire
INDEPENDENCE, Ohio, June 29, 2020