The U.S. Bankruptcy Court for the Southern District of Texas has confirmed Global Clean Energy’s, a vertically integrated renewable fuels company, plan of reorganization.
“We are pleased to announce that the court has confirmed our Chapter 11 plan, enabling the company to successfully reorganize its capital structure in under four months, right in line with our initial goals. We appreciate the continued support of our lenders and partners throughout this process,” Noah Verleun, president and CEO of GCE, said. “Their confidence, along with this milestone, strengthens our financial foundation as we advance our business plan and deepen engagement with our customers and vendors. We especially thank our employees for their unwavering focus on safety, reliability and performance during this critical time. With the plan confirmed, we look forward to continuing our role in building a more sustainable energy future.”
Under the terms of the plan, GCE will complete a restructuring transaction designed to simplify the capital structure, inject new liquidity to fund the go-forward business plan and enable long-term growth. The company expects to emerge from its Chapter 11 cases by mid‑August following finalization of definitive documentation.
