BRIEF-Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal

Reuters

2022/05/12

May 11 (Reuters) - Cypress Environmental Partners LP

* CYPRESS ENVIRONMENTAL PARTNERS SEEKS CHAPTER 11 PROTECTION, SIGNS RESTRUCTURING DEAL

* CYPRESS ENVIRONMENTAL PARTNERS LP - RESTRUCTURING SUPPORT AGREEMENT IS EXPECTED TO CLEAR APPROXIMATELY $58 MILLION WORTH OF DEBT

* CYPRESS - SECURED $5 MILLION DEBTOR-IN-POSSESSION FINANCING FACILITY THAT WOULD PROVIDE ENOUGH LIQUIDITY DURING PROCEEDINGS TO CONTINUE BUSINESS AS USUAL

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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