August 20, 2013
Biosolids recycling company Synagro Technologies Inc. won approval Tuesday of its Chapter 11 plan that aims to see Swedish private equity firm EQT Holdings acquire stock in the reorganized company in a $480 million deal, including $465 million in cash to go toward creditors.
August 15, 2013
The city of Waterbury, Conn., urged the Delaware bankruptcy court Thursday to reject Synagro Technologies Inc.'s Chapter 11 plan, saying the biosolids recycling company largely undervalued the $4 million it owes to the city, making the plan unworkable.
July 18, 2013
A Delaware bankruptcy judge signed off on Synagro Technologies Inc.'s disclosure statement Thursday, allowing the biosolids recycling company to solicit support for a plan that would rework its $465 million sale to Swedish private equity firm EQT Holdings as a Chapter 11 reorganization.
May 13, 2013
A Delaware bankruptcy judge on Monday signed off on Synagro Technologies Inc.'s bid procedures calling for a Chapter 11 auction next month after the biosolid recycler resolved the objections of a private equity firm that is its largest creditor by arranging for the stalking horse bidder to kick in an extra $10 million.
May 09, 2013
Synagro Technologies Inc.'s largest creditor on Thursday claimed the bankrupt recycling company's proposed bid procedures will force the company into a fire sale, but the private equity firm declared it is so confident a longer marketing period will maximize value that it will fund the process itself.