By Akiko MatsudaA bankruptcy judge on Friday approved a $5 million loan for Cypress Environmental Partners LP to fund the company's prepackaged chapter 11 reorganization process. The pipeline inspection services provider based in Tulsa, Okla., filed for bankruptcy on May 8 with the U.S. Bankruptcy Court in Houston, Texas, after facing difficulties in refinancing a roughly $58 million loan maturing at the end of this month.

Source: Wall Street Journal May 14, 2022 09:50 UTC