Mystic Tank Lines Files Plan to Emerge from Bankruptcy

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ystic Tank Lines Corp. said Wednesday it filed a reorganization plan to emerge from Chapter 11 bankruptcy, which it had filed for last June.

Mystic, a bulk carrier, transports heating oil, motor fuel, aviation fuel, asphalt and cement materials.

The company said it “has diligently worked to control costs and maintain the operational excellence its customers deserve.”

The plan has the support of the company's creditors and provides for a simplified capital structure, a cash infusion and restructured equipment obligations, Mystic said in a statement.