Bankrupt Pipe Maker Gets Interim Nod For $11.5M DIP

Law360, Wilmington (June 17, 2014, 7:38 PM EDT) -- Pipe manufacturer PSL-North America LLC won interim approval Tuesday for a $11.5 million debtor-in-possession facility, which the company will tap to finance operations and expansion while it moves forward with a planned $100 million sale to Jindal Tubular USA LLC

A supplier of pipe to the oil and gas industry, PSL-NA entered Chapter 11 after lining up Jindal Tubular as a stalking horse bidder, and the DIP package is crucial to preserving the company's current and future value as it seeks to branch out into water...
To view the full article, register now.




Case Information

Case Title

PSL - North America LLC

Case Number




Nature of Suit

Date Filed

June 16, 2014

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.