DALLAS, Texas, April 01, 2019 (GLOBE NEWSWIRE) — Southcross Energy Partners, L.P. (OTCQX: SXEE) (Southcross or the Company) today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Southcross expects to continue to operate in the normal course during the court-supervised process.
Southcross intends to use the restructuring process to evaluate a range of options for the Company, including a sale of the business, the divestiture of certain assets or a standalone restructuring plan that would strengthen the Companys financial position, accelerate future growth and enable Southcross to be…
Read the full article at: https://www.globenewswire.com/news-release/2019/04/01/1790424/0/en/Southcross-Energy-Commences-Chapter-11-Reorganization-with-255-Million-in-Committed-Financing.html