Texas tollway company out of bankruptcy with new owners and major funding infusion

The privately-held entity responsible for operating and maintaining a 41-mile stretch of State Highway 130 tollway from southern Travis County toward San Antonio has emerged from Chapter 11 bankruptcy protection.
SH 130 Concession Co., which had struggled with considerably less traffic than was initially anticipated after it opened, has secure more stable footing with new ownership and senior management, as well as an infusion of $260 million in new financing.
The new ownership group, led by funds…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/06/29/texas-tollway-company-out-of-bankruptcy-with-new.html?ana=RSS%26s=article_search

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