Texas Southern coverage

chapter 11 and restructuring coverage from Texas Southern.

107 articles

Showing 61 to 72 of 107 coverage articles

Week of March 16, 2026

Viridis Chemical: Illinois Plant Sale Drives Chapter 11

Viridis Chemical's chapter 11 centers on a fast section 363 sale of its stalled Peoria, Illinois ethyl acetate plant after cost overruns, delays, and market weakness left the debtors non-operational and dependent on cash collateral.

FreefallIndustrials & manufacturing

Mar 16

Ascend Performance Materials Exits Chapter 11 as Lenders Convert $2B Debt to Equity

Ascend Performance Materials, the integrated nylon 6,6 producer, filed free-fall chapter 11 in April 2025 with about $2.014B of funded debt as PA66 prices collapsed amid Chinese overcapacity. It emerged in December 2025 with lenders taking ownership, ending SK Capital's 16-year run.

FreefallIndustrials & manufacturing

Week of March 9, 2026

Mar 11

Mobileum Exits Chapter 11 After Eliminating $530M of Debt in Prepackaged Restructuring

Filed July 23, 2024 in SDTX with an RSA; $60M new-money DIP and $100M roll-up. Emerged Sept 12, 2024 after cutting ~$530M debt.

PrepackagedTechnology & telecom

Mar 11

Zachry: Golden Pass LNG Dispute and Reorganization Plan

Zachry filed May 21, 2024 in SDTX, ran on cash collateral, reached a GPX settlement, and confirmed a plan on Feb 27, 2025.

FreefallEnergy & natural resources

Week of March 2, 2026

Mar 6

Cumulus Media: Second Bankruptcy Filing Proposes $592 Million Deleveraging Through Prepackaged Plan

Cumulus Media's second bankruptcy centers on a Houston prepackaged chapter 11 plan that would cut about million of debt, keep general unsecured creditors unimpaired, and transfer ownership to lender groups.

PrepackagedMedia, sports & entertainment

Mar 6

DRF Logistics: $47M Chapter 11 Winds Down Pitney Bowes GEC Unit

DRF Logistics filed chapter 11 in SDTX Aug. 8, 2024 to wind down Pitney Bowes' GEC unit with a $47M DIP; plan confirmed Nov. 25, 2024.

PrenegotiatedTransportation & logistics

Mar 6

Northvolt Files Cross-Border Chapter 11 With $100M Scania Financing, Later Files in Sweden

Northvolt filed chapter 11 in SDTX on Nov. 21, 2024 with a $100M Scania DIP; affiliate cases were dismissed in April 2025 after asset sale milestones.

FreefallIndustrials & manufacturing

Mar 6

Independence Contract Drilling Files Prepackaged Chapter 11, Eliminating $197M in Convertible Notes

Filed Dec 2, 2024 in SDTX with a prepack plan; notes converted to equity, $32.5M DIP, and exit on Jan 17, 2025 with a $30M revolver.

PrepackagedEnergy & natural resources

Mar 6

CURO Group: $1B Debt Cut in Prepackaged Chapter 11

CURO filed a prepackaged chapter 11 in SDTX to cut about $1B debt; plan confirmed May 16, 2024, effective July 19, 2024.

PrepackagedFinancial services

Mar 6

Cosmed Group Converts to Chapter 7 After EtO Litigation and Zimmer-Funded Asset Sales

Cosmed Group filed chapter 11 after EtO suits and defense costs, funded by a $7.5M Zimmer DIP and two 363 sales before converting to chapter 7.

FreefallHealthcare & life sciences

Mar 6

Conn's Sells Consumer Receivable Portfolios to Jefferson Capital and Winds Down After Chapter 11

Conn's July 2024 Houston ch. 11 paired store closings with a 363 sale and DIP/cash collateral; Jefferson Capital deal at $360M.

FreefallConsumer & retail

Mar 6

Party City: Second Filing Liquidation Funded by Cash Collateral and Asset Sales

Party City Dec 2024 S.D. Texas ch. 11 pursued a cash-collateral-funded liquidation with inventory, lease, and IP sale milestones.

FreefallConsumer & retail

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