Benson Hill Secures Court Approval of 1st-Day Motions Under Chapter 11 Restructuring
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Benson Hill said Tuesday it secured first-day motions from the US Bankruptcy Court for the District of Delaware after it filed for Chapter 11 reorganization on Thursday. The company said court orders will facilitate continuity of day-to-day business operations as it works to improve its financial position. The company added that upon approval of debtor-in-possession financing, it will have access to up to $11 million to support payroll, vendor payments, and critical business operations.
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