In Brazil, Visao Agro reports the Itajobi group, owner of the Itajobi, Carolo and Rio Pardo sugarcane mills, began a negotiation process to restructure a liability of R$ 3.76 billion before resorting, eventually, to judicial recovery. The company established a request for business mediation before the Judicial Center for Conflict Resolution and Citizenship (Cejusc) of […]
In Texas, Clean Energy Holdings, Inc. entered into a Restructuring Support Agreement with agreement and support from Vitol Americas Corp., as RCF lender, an ad hoc group of term loan lenders which holds approximately 96% of the term loans, and CTCI Americas, Inc. To facilitate the transactions contemplated under the RSA, the company commenced Chapter […]
In Texas, Vertex Energy entered into a Restructuring Support Agreement with overwhelming support of 100% of the company’s term loan lenders. To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. The Company […]
