Heavy hauler ENTREC is seeking additional financing to continue operating as it pursues buyers or investors while under creditor protection in Canada and Chapter 15 bankruptcy in the United States.
ENTREC will ask a judge in Alberta today to allow it to borrow up to C$30 million (about US$21.5 million) and to approve its plans to market its Canadian and U.S. trucking and crane businesses, according to a court filing. The company intends to appoint Ernest and Young in Canada and Sequoia in the...
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