Energy Biogas Wins Ch. 11 Approval
USEB is poised to exit bankruptcy on May 31, Partee said, adding that the U.S. Energy Systems Inc. subsidiary will pay its creditors in full and emerge from Chapter 11 after only six months in bankruptcy.
An $80 million financing deal with Silver Point Capital LP will fuel USEB’s emergence from bankruptcy, Partee said.
“It went from filing to consummation and exit...
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