On March 2019, PHI filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas to address the upcoming maturity of PHIs unsecured senior notes and strengthen its balance sheet.
PHI will continue to operate normally and looks for emerge from bankruptcy in the summer of 2019 with a significantly reduced and more sustainable debt structure.
On September 2019, PHI successfully completed its debt restructuring process.
PHI will continue to operate normally and looks for emerge from bankruptcy in the summer of 2019 with a significantly reduced and more sustainable debt structure.
On September 2019, PHI successfully completed its debt restructuring process.
