Alta Equipment Group, Inc., a leading provider of construction, material handling, and power systems equipment, recently filed a verified petition for relief pursuant to Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The filing is intended to facilitate the company’s restructuring and recapitalization of its balance sheet.
Alta Equipment Group is a Michigan-based company that provides construction, material handling, and power systems equipment to customers in the Midwest and across the United States. The company has been in business for over 30 years and has a strong presence in the industry.
The filing of the petition for relief is intended to help Alta Equipment Group restructure its balance sheet and recapitalize its operations. The company plans to use the restructuring process to reduce its debt and improve its financial position. The company has also entered into a restructuring support agreement with certain of its creditors, which will provide additional support during the restructuring process.
The filing of the petition for relief is a positive step forward for Alta Equipment Group. The company is confident that the restructuring process will help it become more financially stable and better positioned for long-term success. The company is also committed to continuing to provide quality products and services to its customers throughout the restructuring process.
The filing of the petition for relief is an important step in Alta Equipment Group’s efforts to restructure its balance sheet and recapitalize its operations. The company is confident that the restructuring process will help it become more financially stable and better positioned for long-term success. The company is also committed to continuing to provide quality products and services to its customers throughout the restructuring process.
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