- 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
Dakota Plains Holdings files for bankruptcy
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Dakota Plains Holdings, Inc. |