TPI Composites Initiates Voluntary Ch. 11 Proceedings In U.S. Bankruptcy Court for the Southern District of Texas; Reaches Agreement For Use Of Cash Collateral And Up To $82.5M In Debtor-in-Possession Financing

Benzinga · 2d ago
Reaches Agreement with Senior Secured Lenders for Use of Cash Collateral and Up to $82.5 Million in Debtor-in-Possession Financing, Subject to Final Documentation and Court Approval
DIP Financing to Facilitate Path to Comprehensive Restructuring and Support Continued Operations
Company Will Continue Operations in Normal Course
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