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Northeast Refiner PES Opens $1B-Plus Chapter 11

Northeast Refiner PES Opens $1B-Plus Chapter 11

Philadelphia Energy Solutions LLC, the Northeast’s largest remaining refinery complex, sought Chapter 11 protection in Delaware early Monday, filing a prepackaged plan to restructure more than $1 billion in debt and equity in just one month, including about $739 million in loans or related obligations.



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Northeast Refiner PES Opens $1B-Plus Chapter 11

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