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Permian Tank & Manufacturing Exits Chapter 11 with a Strengthened Balance Sheet, Renewed Commitment to Serving Customers


Press release content from Business Wire. The AP news staff was not involved in its creation.
Permian Tank & Manufacturing Exits Chapter 11 with a Strengthened Balance Sheet, Renewed Commitment to Serving Customers
December 14, 2020 GMT
ODESSA, Texas (BUSINESS WIRE) Dec 14, 2020
Permian Tank & Manufacturing (“Permian Tank” or the “Company”), today announced it has been acquired by New Permian Holdco, LLC, resulting in a successful exit of Chapter 11 bankruptcy proceedings for the Company’s operations. The sale was supported by Permian Tank’s current lender, who provided incremental financing to strengthen the Company during the transition and has committed to provide additional growth capital. ....

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