Red River gets no qualified bids, deems Platform winner for assets

By Sarah Lizee

Olympia, Wash., May 31 – Red River Waste Solutions, LP canceled an auction for its assets after receiving no qualified bids, according to a notice filed Thursday afternoon with the U.S. Bankruptcy Court for the Northern District of Texas.

As such, stalking horse Platform Waste Solutions, LLC was designated the winning bidder.

The purchase price under the stalking horse agreement is $12.6 million.

A sale hearing is scheduled for June 17.

The Dripping Springs, Tex.-based waste management company filed bankruptcy on Oct. 14, 2021 under Chapter 11 case number 21-42423.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.