Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions - News Daily

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Tuesday, July 23, 2019

Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions

By Laila Kearney NEW YORK (Reuters) - A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc's initial bankruptcy requests after the two sides struck an agreement over the terms of new financing. PES filed for Chapter 11 bankruptcy protection on Sunday after a fire last month prompted it to close the largest refinery on the U.S

The post Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions appeared first on Firstpost.



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