Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Chinese Cars in Europe: Consumer Trust Is Shifting Fast 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home 
AI Deradicalization Tools: How Chatbots Could Help Combat Violent Extremism Online 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
DALLAS, Texas, April 13, 2016 -- Southcross Holdings LP (“Holdings”) announced today that it has consummated its pre-packaged plan of reorganization (the “POR”) and emerged from bankruptcy protection. Holdings commenced voluntary cases under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas on March 27, 2016. The bankruptcy court confirmed the POR on April 11, 2016.
“The speed of our successful financial restructuring is a true credit to our entire team and reflects the continued support of our owners and lenders,” said John Bonn, President and Chief Executive Officer. “This allows us to move forward with a much stronger financial foundation and an enhanced ability to grow and expand our business in the current market environment.”
Among other things, the POR eliminated nearly $700 million of funded debt and preferred equity obligations of Holdings, and provided for a new equity investment from certain of its existing equity holders.
Parties seeking additional information related to the reorganization may call (800) 708-8796 or visit http://dm.epiq11.com/Southcross or http://www.southcrossholdings.com.
About Southcross Holdings LP
Southcross Holdings LP, through its subsidiary Southcross Holdings Borrower LP, owns 100% of Southcross Energy Partners GP, LLC, the general partner of Southcross, as well as a portion of Southcross’ common units, and all of Southcross’ subordinated units and Class B convertible units. Holdings also owns natural gas gathering and treating assets as well as NGL pipelines and fractionation facilities in South Texas.
Contact: Jennifer E. Mercer Epiq Strategic Communications for Southcross Holdings LP 310-712-6215 [email protected]
