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Dakota Plains Holdings files for bankruptcy

Dec. 22, 2016 9:00 AM ETDakota Plains Holdings, Inc. (DAKPQ) StockBy: Clark Schultz, SA News Editor
  • Dakota Plains Holdings (OTC:DAKP) announced that it filed for Chapter 11 bankruptcy along with six of its wholly owned subsidiaries.
  • The company says the process is intended to preserve value and accommodate an eventual going-concern sale of Dakota Plains' business operations.
  • Dakota Plains expects to land up to $2M in post-petition debtor in possession financing from SunTrust Bank, subject to approval from the bankruptcy court.
  • Source: Press Release

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Dakota Plains Holdings, Inc.