Cole Schotz Represents United Site Services, the Largest Provider of Portable Sanitation Services and Complementary Site Solutions in the Country, in Chapter 11 Proceedings
Cole Schotz is proud to serve as chapter 11 co-counsel to United Site Services (USS), the largest provider of portable sanitation services and complementary site solutions in the United States, in its chapter 11 restructuring filed in the U.S. Bankruptcy Court for the District of New Jersey. United Site Services, a nationwide leader with approximately 350,000 portable sanitation units serving tens of thousands of customers (including major events, construction projects, and government agencies), has initiated a prepackaged chapter 11 plan aimed at eliminating approximately $2.4 billion in debt and strengthening its balance sheet for the future.
The pre-arranged restructuring support agreement, backed by a majority of USS’s lenders, is designed to reduce the company’s debt burden, support ongoing operations, and position the business for long-term success. This filing underscores the value of chapter 11 as a powerful mechanism to realign capital structures, preserve operations, and protect jobs while enabling companies to continue serving their customers. The Cole Schotz team includes Michael D. Sirota, Felice R. Yudkin, and Daniel J. Harris.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication. No aspect of this advertisement has been approved by the highest court in any state.
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