Drivers

TRISM Reorganization Plan Approved

December 09, 1999

SHARING TOOLS        | Print Subscribe
TRISM, Inc. has had its Chapter 11 reorganization plan approved by the U.S. Bankruptcy Court in Delaware.

Under the plan, the specialized carrier will significantly reduce its long-term debt, pay all trade debt in full and, under the direction of its current management team, continue with its trucking operations. Final plan approval is contingent on the finalization of required documentation and completion of a $42.5 million loan which the fleet will use for ongoing operations.
"As we emerge from Chapter 11, our improved capital structure positions TRISM for future aggressive profitable growth," said Edward L. Mccormick, TRISM president and CEO.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?
sponsored by
sponsor logo

ELDs and Telematics

Scott Sutarik from Geotab will answer your questions and challenges

View All
GotQuestions?

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All