Philly Refinery Ch. 11 Plan Gets OK After $25M Creditor Deal
By Vince Sullivan ( February 12, 2020, 11:03 PM EST) -- Philadelphia Energy Solutions LLC received court approval Wednesday in Delaware for a Chapter 11 plan centered on a $252 million sale of its sprawling refinery after reaching a last-minute deal with unsecured creditors and union workers that will make $25 million in cash available for distribution....
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