Permian Tank & Manufacturing Exits Chapter 11

December 14, 2020, 11:02 PM UTC

Permian Tank & Manufacturing has been acquired by New Permian Holdco, and emerged from Chapter 11 bankruptcy proceedings.

  • The sale was supported by Permian Tank’s current lender, who provided incremental financing to strengthen the Company during the transition and has committed to provide additional growth capital

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To contact the reporter on this story:
Linly Lin in San Francisco at llin153@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

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