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Home Icon > About Us > News > American Commercial Lines to File for Chapter 11 Bankruptcy

American Commercial Lines to File for Chapter 11 Bankruptcy

Indiana-based barge company American Commercial Lines announced Tuesday an agreement with its lenders to file for Chapter 11 bankruptcy as part of a pre-packaged plan to raise new capital and reduce its debt.  The “Restructuring Support Agreement” will inject $200 million in new capital into the business and reduce debt by approximately $1 billion.  ACL […]

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