ThermoEnergy Restructures Senior Debt
ThermoEnergy Corp. restructured its senior debt with a syndicate of lenders including Spencer Trask Specialty Fund, Massachusetts Technology Development Corporation and Boston Community Venture Fund. The lenders converted a portion of their debt into convertible preferred stock and extended the maturities of the remaining debt to Feb. 29, 2012. ThermoEnergy is a Worcester, Mass.-based supplier of wastewater recovery technology and systems.
19 January 2011•3 mins read
