#None #Portland #Chapter 11 #Tilson Technology #Darrel Ingram

Tilson Technology Management Advancement

Tilson Technology Management, a prominent player in the realm of network development and information infrastructure, has announced a significant milestone in its restructuring efforts. On July 8, 2025, the company obtained final court approval for essential business continuity financing under its ongoing Chapter 11 process. This approval marks a critical step towards reinforcing its operations and maintaining high-quality service delivery to its stakeholders.

Court Approval and Financing Details

The approved plan allows Tilson to access up to $37.5 million in debtor-in-possession financing led by a consortium of lenders, prominently featuring Bank of America. This funding is pivotal as it enables Tilson to fulfill its commitments to customers while also ensuring that employees, vendors, and other key partners continue to be compensated throughout the duration of the Chapter 11 proceedings.

Tilson's expedited approval can be attributed to constructive negotiations with stakeholders, which ultimately garnered support from the official committee of unsecured creditors. This backing is indicative of the confidence the broader financial community has in Tilson's operations and its commitment to emerging from this restructuring stronger than before.

Preserving Workforce and Business Operations

As part of its restructuring plans, Tilson is also keenly focused on its workforce. The company has taken measures to incentivize and support its valued employees during this transitional phase. Such steps are essential to maintain morale and ensure seamless internal operations, even as the company undergoes necessary restructuring activities.

Darrel Ingram, Tilson's Chief Executive Officer, expressed his satisfaction with the court's approval, stating, "We are pleased to receive Court approval of our financing and related operational motions, allowing us to continue delivering top-notch services to our clients. The dedication of our entire team positions us to emerge from this process as a more robust company, equipped with reliable partners who acknowledge our standing as a leader in network development and infrastructure solutions."

Moving Forward with Investor Engagement

In addition to the court-approved financing, Tilson is actively scouting for potential investors to bolster their financial resources. This strategic move aims to ensure the company's long-term sustainability and growth. Despite the setbacks experienced due to the failure of its major client to meet contractual obligations, Tilson remains committed to expanding its services and fostering relationships with both existing and new partners.

Conclusion

Since initiating its Chapter 11 restructuring process on May 29, 2025, as a protective measure from fluctuations in client relationships, Tilson Technology Management remains steadfast in its goal of ensuring the continuity of its business operations. With strategic financing, diligent management of internal processes, and ongoing negotiations for investor partnerships, the company is equipping itself to navigate this challenging period effectively. As one of the nation's leading firms in network development and infrastructure services, Tilson is poised to continue delivering exceptional value as it emerges from restructuring, further solidifying its commitment to quality and reliability in the industry.