Tue 06/29/2021 17:12 PM
GT USA, which operates the port of Wilmington in Delaware, faces increasing liquidity pressure, as well as litigation concerning unpaid services, and may not be able to make an interest payment coming due, according to sources. The company’s sponsor, Crescent Capital, has not indicated if it will commit additional capital into the business to meet upcoming payments, sources said.
The port operator, whose parent company is Gulftainer, is advised by B. Riley and Blank Rome in its dispute...
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