CorEnergy Successfully Completes Financial Restructuring
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CorEnergy Successfully Completes Financial Restructuring
June 13, 2024 8:00 AM EDTCompany Emerges from Chapter 11 with Significantly Less Debt and a Simplified Capital Structure
KANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (CorEnergy or the Company) today announced the successful completion of its reorganization process and emergence from Chapter 11 protection effective June 12, 2024 (the Effective Date).
CorEnergy emerges with significantly less debt and a simplified capital structure which is better aligned to current market conditions and its go-forward objectives. The Company expects that the successful restructuring, combined with the resolution of its San Pablo Bay rate case, will enable it to return to positive cash flow... More
