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PSL - North America LLC

  1. January 12, 2016

    Pipe Maker PSL Wins Confirmation Of Ch. 11 Plan

    A Delaware bankruptcy judge confirmed the Chapter 11 plan for the estate of pipe manufacturer PSL North America LLC on Tuesday, beginning the end of a case that included a sale to Jindal Tubular USA valued at $104 million with the buyer assuming liabilities connected to Hurricane Katrina redevelopment bonds.

  2. August 15, 2014

    Pipe Maker PSL NA Gets Nod For $104M Sale

    A Delaware bankruptcy judge gave the green light Friday to pipe manufacturer PSL North America LLC's $104 million sale to Jindal Tubular USA after the debtor spent hours hammering out resolutions to myriad objections to the deal from creditors over how to treat the proceeds.

  3. August 13, 2014

    Pipe Maker PSL Left With $104M Bid After Canceled Auction

    Oil and gas industry pipe maker PSL North America LLC has called off its bankruptcy auction that was slated for Wednesday after no qualified bidders emerged to challenge a $104 million stalking horse offer.

  4. August 07, 2014

    CSX Blasts Pipe Maker's Terms In Planned $104M Ch. 11 Sale

    CSX Transportation Inc. took issue with PSL North America LLC 's proposed $104 million stalking horse sale, saying the structure of the deal unfairly benefits the bankrupt pipe maker's largest creditor.

  5. July 28, 2014

    Pipe Maker PSL NA Gets Final Nod For $11.5M DIP

    A Delaware bankruptcy judge granted PSL North America LLC final approval of an $11.5 million debtor-in-possession package Monday after the industrial pipe manufacturer reached a deal with secured creditors concerned that their liens were being primed by the loan.

  6. July 16, 2014

    Final Approval Of PSL NA's $11.5M DIP Loan Hits A Snag

    Pipe manufacturer PSL North America LLC's Chapter 11 case appeared to hit a setback Wednesday, when a Delaware bankruptcy judge postponed final consideration of its $11.5 million debtor-in-possession loan after hearing concerns from a secured creditor contending the facility primes its liens.

  7. July 14, 2014

    PSL NA Gets OK For $100M Stalking Horse Sale Plan

    A Delaware bankruptcy judge gave the thumbs-up Monday to pipe manufacturer PSL North America LLC's $100 million stalking horse sale plan after the major secured creditor that objected agreed to postpone its fight until the actual transaction is up before the court for consideration.

  8. July 10, 2014

    PSL-NA To Change $100M Sale Plan Over Creditor Concerns

    Bankrupt pipe manufacturer PSL-North America LLC said in a court filing Thursday that it will alter both its $100 million stalking horse sale plan and its motion for final approval of debtor-in-possession financing to address concerns raised by one of its secured creditors.

  9. July 08, 2014

    Pipe Maker PSL-NA's Creditor Balks At $100M Sale Plan

    One of bankrupt PSL-North America LLC's prepetition creditors took issue Tuesday with the pipe manufacturer's plan for a $100 million stalking horse sale to Jindal Tubular USA LLC, arguing the transaction will deeply impair its secured claim and turn the case's lien priorities on their head.

  10. June 17, 2014

    Bankrupt Pipe Maker Gets Interim Nod For $11.5M DIP

    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