Flying J Files Plan to Repay Creditors in Full

Summary


Flying J Inc., the vertically integrated oil producer, refiner, marketer and retailer, filed a restructuring plan giving creditors full payment through cash and notes.

The closely held company, based in Ogden, has been selling assets since filing bankruptcy in December 2008 after the company was hurt by plummeting oil and gas prices and a lack of financing. Flying J listed assets of more than $1 billion and debt of $500 million to $1 billion in documents filed in U.S. Bankruptcy Court in Wilmington, Del.

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Extract


Flying J Files Plan to Repay Creditors in Full

Flying J received court authority last month to sell its travel center and ...

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