Category: Trucking News

Alkegen Commences Prepackaged Chapter 11 Process to Implement Previously Announced Restructuring Support Agreement

Company enters chapter 11 with overwhelming support from key financial partners, including 99% of first lien and 80% of second lien holders Expected to eliminate approximately $3.1 billion of debt and emerge with approximately $200 million of liquidity, positioning the company for continued industry leadership Company secures $315 million in new money debtor-in-possession (“DIP”) financing […]