Article: U.S. Energy Biogas Settles Principal Chapter 11 Issue.

- Agreement Removes Primary Obstacle to USEB's Reorganization and Enables USEB to Refinance and Exit Chapter 11 -

NEW YORK -- U.S. Energy Biogas Corp. ("USEB" or "the Subsidiary"), a U.S.-based renewable energy business, announced today that it has reached an agreement in principle with Countryside Power Income Fund ("Countryside" or "the Fund") concerning the principal issue in USEB's Chapter 11 filing in the United States Bankruptcy Court for the Southern District of New York. The agreement will enable USEB and its parent, U.S. Energy Systems, Inc. (Nasdaq: USEY), to establish new financing for USEB that should enable it to pay all of its creditors in full, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!