this post was submitted on 30 Dec 2025
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Economics

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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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[โ€“] iopq@lemmy.world 3 points 1 week ago (1 children)

I bet investors are pissed off

[โ€“] amorangi@lemmy.nz 4 points 1 week ago

They are in the shitter all right.