Enters Chapter 11 with more than $300 million in DIP financing to fund operations throughout the process
Continues to deliver for customers across all global locations and maintain normal operations
FORT WORTH, Texas, June 01, 2023 (GLOBE NEWSWIRE) — Incora and certain affiliates (collectively, Incora or the Company), a leading global provider of innovative supply chain management solutions, announced that the Company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code (Chapter 11) in the U.S. Bankruptcy Court for the Southern District of Texas (the Court). Incora intends to use the Chapter 11 process to improve its capital structure and position the business for long-term growth.
To fund and preserve its operati…
Read the full article at: https://www.globenewswire.com/news-release/2023/06/01/2679950/0/en/Incora-to-Restructure-Balance-Sheet-to-Position-Business-for-Long-Term-Growth.html