Recent News

Phoenix Services LLC Emerges from Chapter 11

Phoenix Services LLC (the “Company” or “Phoenix”), a premier provider of mission-critical services to leading, global steel producing companies, today announced that it has successfully completed its financial restructuring process and has emerged as a reorganized company from its chapter 11 case after only nine months. Phoenix’s chapter 11 plan and the transactions contemplated thereunder were supported by the Company’s lenders, who provided $45 million in new-money exit financing to support the operations going forward.