(Updates with details of additional financing.)
Global Clean Energy Holdings has filed for Chapter 11 in the Southern District of Texas, according to a court filing.
- Estimated liabilities are between $1b-$10b
- Estimated assets are between $1b-$10b
- Separately, the company
said it has entered into a restructuring support agreement with Vitol Americas as RCF lender, an ad hoc group of term loan lenders and CTCI Americas- Group has combined to provide an additional $100 million in new money debtor‑in‑possession financing and services
- Kirkland & Ellis is serving as restructuring counsel, Lazard as investment banker and Alvarez & Marsal is serving as ...
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