GSE Environmental Emerges from Chapter 11 a Stronger Global Company

On by Geosynthetica
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HOUSTON — 11 August 2014 — GSE Environmental, Inc. (“GSE”), the leading global manufacturer and marketer of geosynthetic lining solutions, announced that it has formally emerged from the Chapter 11 process as a stronger global company well-positioned to accelerate growth and continue to meet the evolving needs of its customers. The company’s Plan of Reorganization was approved by... »

GSE Environmental Plan Confirmed, Chapter 11 Ending Shortly

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HOUSTON — GSE Environmental, Inc. (“GSE”) (OTCQB: GSEHQ), the leading global manufacturer and marketer of geosynthetic lining solutions, announced that it has received confirmation of its Plan of Reorganization from the Bankruptcy Court for the District of Delaware, which has been overseeing the Company’s Chapter 11 proceedings following its voluntary filing on May 4, 2014. The Plan re... »

INTERVIEW: GSE’s Steve Eckhart on Restructuring

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KEY POINTS GSE has secured Debtor-in-Possession (DIP) financing. This is the USD $45 million pledged by investors to ensure normalized business during the Chapter 11 process. Investors have purchased all $172 million of debt. The debt will be realigned and recapitalized. It will be converted to equity. As a Chapter 11 proceeding, the debt realignment and recapitalization process will happen public... »

GSE Reaches Consensual Agreement with Lenders

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HOUSTON — (May 5, 2014) — GSE Environmental, Inc., (“GSE” or the “Company”) (OTCQB: GSEH), a leading manufacturer and marketer of geosynthetic lining solutions, announced today an agreement with its lenders to restructure its balance sheet by converting all of its outstanding first lien debt to equity, leaving the Company well-positioned for long-term growth and profitability. In order to implemen... »

GSE Environmental Files for Chapter 11 Bankruptcy Protection

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On Sunday, GSE Environmental filed paperwork for Chapter 11 bankruptcy protection in North America. The news was first reported by Reuters. The voluntary petition was made in United States Bankruptcy Court for the District of Delaware and follows a tumultuous 2014 in which the company abruptly needed to seek new financing and lost its listing on the New York Stock Exchange. UPDATE: GSE REACHES CON... »