Vertex Energy: A New Dawn After Chapter 11

Vertex Energy, Inc. has emerged from Chapter 11 bankruptcy with a renewed sustainable capital structure, marking a significant milestone in its journey towards long-term success. The company's successful restructuring process has positioned it for a new era of growth and operational excellence, with a strong financial foundation and a committed leadership team focused on driving long-term value for all stakeholders.



The company's emergence from Chapter 11 has been made possible by the overwhelming support of its term loan lenders, who have played a crucial role in the restructuring process. The lenders' commitment to providing additional financing and their collaboration with the company have been instrumental in ensuring the company's continued success. This support has been vital in providing the financial resources and stability needed for Vertex Energy to navigate the Chapter 11 process and emerge as a stronger, more sustainable company.



Vertex Energy's new leadership team and Board of Directors have been instrumental in driving the company's strategic direction and operational efficiency. The appointment of Mark Smith as the new CEO, along with the establishment of a new Board of Directors, has brought extensive industry and financial leadership experience to the company. This change in leadership has been crucial in guiding Vertex Energy through its financial restructuring and emergence from Chapter 11 bankruptcy, and has been essential in positioning the company for long-term success.

The company's new leadership team and Board of Directors have been focused on optimizing the value of the company's assets and improving operational efficiency. By working together to execute on the company's strategy, they have been able to strengthen the company's balance sheet, secure up to $100 million in exit financing, and deleverage approximately $320 million of prepetition debt. This has allowed Vertex Energy to emerge from Chapter 11 with a strong financial position and the flexibility to optimize the value of its assets for all stakeholders.

In addition, the new leadership team has been committed to maintaining the company's commitment to safety and being a good steward in the communities in which it operates. This has been crucial in ensuring that the company's operations are conducted in a responsible and sustainable manner, which is essential for maintaining the company's reputation and long-term success.

Vertex Energy's successful emergence from Chapter 11 has positioned the company for a new era of growth and operational excellence, with a strong financial foundation and a committed leadership team focused on driving long-term value for all stakeholders. The company's new leadership team and Board of Directors, along with the support of its lenders, have been instrumental in guiding the company through its financial restructuring and emergence from Chapter 11 bankruptcy, and have been essential in positioning the company for long-term success. As Vertex Energy looks to the future, it is well-positioned to capitalize on the opportunities that lie ahead and continue to be a leading specialty refiner and marketer of high-quality refined products.