Operations to Continue Uninterrupted, With No Impact to Customers, Employees or Vendors
KANSAS CITY, Mo., February 26, 2024–(BUSINESS WIRE)–CorEnergy Infrastructure Trust, Inc. (OTC Pink: CORR, CORRL) (“CorEnergy” or the “Company”) today announced that it has reached an agreement with certain of its noteholders on a comprehensive financial restructuring that will reduce debt and restructure its balance sheet. The Ad Hoc Group of Noteholders, whose members hold approximately 90% of CorEnergys 5.875% Unsecured Convertible Senior Notes due 2025 (the “Senior Notes”), has entered into a Restructuring Support Agreement (the “RSA”) with the Company.
“Restructuring our debt will help to right-size our capital structure for the smaller s…
Read the full article at: https://finance.yahoo.com/news/corenergy-enters-restructuring-support-agreement-011100555.html