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Port-a-potty company files for bankruptcy to wipe away $2.4bn in debt (www.reuters.com)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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United Site Services, which owns 350,000 portable restrooms, filed for bankruptcy in New Jersey on Monday with a plan to eliminate $2.4 billion in debt and hand control to the company's lenders.

USS, which is owned by private equity firm Platinum Equity Partners, said that a majority of the company's lenders have agreed to support the restructuring plan. Despite the high level of support, one large holdout creditor opposes the plan and could pursue a path of "delay and litigation," according to USS' court filings.

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[–] Veedem@lemmy.world 19 points 1 week ago (2 children)

Just have to rebrand as an A.I. company. It’s all shit, anyway.

[–] Davel23@fedia.io 7 points 1 week ago

Port-AI-Potty!

[–] FuglyDuck@lemmy.world 4 points 1 week ago (1 children)

you jest, but imagine the captive audience for advertisments. Just lock the door until the add plays so they have to watch it.

[–] Spacehooks@reddthat.com 2 points 1 week ago (1 children)

Ugh the lines will become longer. So now ads on outside too.

[–] FuglyDuck@lemmy.world 4 points 1 week ago* (last edited 1 week ago)

"That's brilliant! you're hired!" - Ye Old Porta John's middle manager. "now. what should we call this advertisement stream...?"

(edit: Fuck. they're going to run with this, aren't they?)