U.S. Concrete Inc. is working to get itself on the road back from bankruptcy.
The Houston-based company has received court approval of "first-day" motions by the United States Bankruptcy Court for the District of Delaware.
"First-day" motions allow a company to continue operations as it goes through bankruptcy.
U.S. Concrete filed for Chapter 11 last week as part of a restructuring plan with bondholders aimed at cutting its debt by $272 million.
In addition, the company can enter into an $80 million debtor-in-possession credit facility to fund its operations while moving forward with its debt restructuring.
It expects to complete the restructuring process over the next 90 days.
The company provides ready-mixed concrete and other similar products to the construction industry.
