Boomerang Tube Hits Ch. 11 Planning $214M Debt-Equity Swap

By Matt Chiappardi (June 9, 2015, 3:02 PM EDT) -- Oil and gas piping manufacturer Boomerang Tube LLC filed for Chapter 11 protection in Delaware on Tuesday with a proposed restructuring that aims to swap $214 million in secured debt for equity, the latest victim of the historic downturn in crude prices....

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