Cypress environmental partners seeks chapter 11 protection, signs restructuring deal

Tulsa, okla.--(business wire)--today, cypress environmental partners, l.p. (nyse: celp) (“cypress” or the “company”) announced that it filed for chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of argonaut private equity (“argonaut”), that is expected to clear approximately $58 million worth of debt. the petition was filed in the u.s. bankruptcy court for the southern district of texas, houston division. paul ha
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