BRIEF-Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal

reuters · May 12, 2022 04:33

May 11 (Reuters) - Cypress Environmental Partners LP

CELP.N :

* CYPRESS ENVIRONMENTAL PARTNERS SEEKS CHAPTER 11 PROTECTION, SIGNS RESTRUCTURING DEAL

* CYPRESS ENVIRONMENTAL PARTNERS LP - RESTRUCTURING SUPPORT AGREEMENT IS EXPECTED TO CLEAR APPROXIMATELY $58 MILLION WORTH OF DEBT

* CYPRESS - SECURED $5 MILLION DEBTOR-IN-POSSESSION FINANCING FACILITY THAT WOULD PROVIDE ENOUGH LIQUIDITY DURING PROCEEDINGS TO CONTINUE BUSINESS AS USUAL

Source text for Eikon: ID:nBw82cbLJa Further company coverage: CELP.N

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BRIEF-Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal

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