"The company has sought to refinance and delever its capital structure, but $466 million of the company's debt obligations mature in the next four months," the CEO said in court documents. "Facing a maturity wall during the Covid-19 crisis, the company is compelled to restructure its capital structure through these Chapter 11 cases."
TNT is a Texas-based crane rental company that offers services such as lifting and transportation for industries including oil and gas and construction.