Why Orbital Infrastructure Shares Are Plunging Today?
Why Orbital Infrastructure Shares Are Plunging Today?
Orbital Infrastructure Group Inc (NASDAQ:OIG) shares are plunging after the company and certain of its subsidiaries have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas.
轨道基础设施集团公司 纳斯达克股票代码：OIG）股价暴跌，此前该公司及其某些子公司已向美国德克萨斯州南区破产法院提交了自愿的第11章申请。
OIG is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments.
OIG是一个多元化的基础设施服务平台，为三个运营领域的客户提供工程、设计、施工和维护服务。
The filing specifically excludes Front Line Power Construction (FLP) and Gibson Technical Services (GTS), which are being sold separately.
该文件特别不包括单独出售的前线电力建设（FLP）和吉布森技术服务（GTS）。
The company noted transactions with the FLP Lenders and the GTS Lender are part of a sale process under Section 363 of the Bankruptcy Code in which the Lenders are the "stalking horse" bidders.
该公司指出，与FLP贷款人和GTS贷款人的交易是《破产法》第363条规定的出售过程的一部分，在该程序中，贷款人是 “实地考察” 竞标者。
"The Chapter 11 filing is not the outcome we would have wanted for our stockholders or the stakeholders, but this difficult decision was necessary to sell the primary and profitable parts of the Company as going concerns," said Vice-Chairman and CEO Jim O'Neil.
副主席兼首席执行官吉姆·奥尼尔说：“第11章的申报并不是我们希望股东或利益相关者获得的结果，但是这个艰难的决定对于将公司的主要和盈利部分作为持续经营企业出售是必要的。”
The company has received commitments for two debtor-in-possession (DIP) financing credit agreements with the FLP Lenders and the GTS Lender. The DIP financing will provide $15.0 million of incremental liquidity following the petition filing.
该公司已收到与FLP贷款人和GTS贷款人签订的两份债务人控股（DIP）融资信贷协议的承诺。DIP融资将在申请提交后提供1500万美元的增量流动性。
Price Action: OIG shares are trading lower by 27.1% at $0.8747 in premarket on the last check Thursday.
价格走势: 在周四的最后一张支票中，OIG股价在盘前交易中下跌27.1％，至0.8747美元。