Cypress Environmental Partners, L.P.

  1. June 29, 2022

    Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

    The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.

  2. June 21, 2022

    Cypress Environmental Gets OK For Debt-Swap Ch. 11 Plan

    A Texas bankruptcy court judge on Tuesday approved energy-sector inspection service Cypress Environmental Partners' $60 million debt-for-equity Chapter 11 plan, newly revised to free up more cash for unsecured creditors.

  3. May 13, 2022

    Pipeline Inspection Co. Gets Nod On Amended $5M DIP Loan

    Energy sector inspection company Cypress Environmental Partners LP received permission Friday to borrow up to $5 million in Chapter 11 financing after the debtor made changes to address concerns raised by a Texas bankruptcy judge earlier this week.

  4. May 11, 2022

    Cypress Environmental Adds Cash Pool To Ch. 11 Plan

    Energy sector inspection service Cypress Environmental Partner LP told a Texas bankruptcy judge Wednesday that it has made changes to its prepackaged Chapter 11 plan to address concerns raised earlier this week by the court over the lack of compensation going to creditors being asked to grant third-party releases.

  5. May 09, 2022

    Ch. 11 Cheat Sheet: Cypress Environmental Partners LP

    Oklahoma-based Cypress Environmental Partners LP blames a pair of downturns in energy in 2015 and 2020 for a drop in revenue that left if unable to meet its debt obligations. It reached a deal with its secured lenders to support a prepackaged debt swap of $58.8 million in outstanding loans.

  6. May 09, 2022

    Cypress Environmental Hits Ch. 11 With $60M Debt Swap

    Energy sector environmental inspection company Cypress hit Chapter 11 in Texas bankruptcy court, saying in court filings it is looking to wrap up its prepackaged reorganization plan within 45 days while swapping the equity in the business to cancel about $60 million in secured debt.