TSL Express Daily News

The Secured Lender

TSL-NOV24-COVR 

SFNet's 80th Annual Convention Issue
 

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November 20, 2024

Source: PPL Group

PPL Group has engineered the sale of a Texas-based structural steel fabrication facility and equipment to a regional operator who will rehire employees and restart the business. The company was in bankruptcy and had ceased operations earlier this year. PPL successfully marketed the turn-key plant. Creditors’ recovery was far above liquidation levels, and jobs will return to the 50,000 sq ft facility.