Private Credit Lenders to Take Over Zips Car Wash Through Bankruptcy
Car wash operator Zips Car Wash has filed for bankruptcy with a plan to hand over control of the business to its private ...
Zips Car Wash files for bankruptcy to cut $279 million in debt
Zips Car Wash filed for bankruptcy protection in Texas on Wednesday, seeking to cut $279 million in debt and hand control of the business to its lenders.
Business Wire6d
ZIPS Car Wash Takes Strategic Action to Strengthen Financial Foundation and Advance Operational Transformation
and C Street Advisory Group is serving as strategic communications advisor. ZIPS has retained Hilco Real Estate LLC to assist with lease negotiations. About ZIPS Car Wash ...
news.bloomberglaw6d
Private Lenders Plan Zips Car Wash Takeover in Bankruptcy (1)
Car wash operator Zips Car Wash has filed for bankruptcy with a plan to hand over control of the business to its private credit lenders. The company filed for Chapter 11 in Dallas on Wednesday with ...
Car wash operator files for Ch. 11 bankruptcy, lines up new financing
The Plano car wash operator has filed multiple voluntary Chapter 11 bankruptcies, expecting to quickly emerge under new ownership.
Car wash company invests $50 million on 9 Florida locations
El Car Wash invested $50 million to acquire nine Florida locations. The company now operates 63 car wash locations in Florida ...
Morningstar6d
ZIPS Car Wash Takes Strategic Action to Strengthen Financial Foundation and Advance Operational Transformation
Zips Car Wash, LLC (together with its affiliates ... by approximately $279 million and secure $15 million of new capital to support the restructured business and future strategic initiatives.