GSE Environmental Inc. and its affiliates filed for chapter 11 protection yesterday as part of a restructuring support agreement with its lenders, Reuters reported today. GSE, which makes geosynthetic lining for waste management, water and mining sectors, listed assets and liabilities of between $100 million and $500 million in a court filing. GSE said that it received up to $45 million in debtor-in-possession financing, and plans to use the funds to repay debt and for general corporate purposes. In its most recent third-quarter results in November, GSE reported a loss of $35.8 million, or $1.77 per share, compared with a profit of $5.2 million, or 26 cents per share, a year earlier.
