Service & Supply | Oilfield Services | Capital Markets | Bankruptcy Exit
Hi-Crush Exits Bankruptcy; Eliminates $450 Million in Debt
Email
Print 
Bookmark
Hi-Crush Inc. has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy.
Through its financial restructuring, Hi-Crush has eliminated approximately $450 million of debt from its balance sheet, as well as more than $76 million of annual interest expense and lease payment obligations.
Additionally, Hi-Crush has entered into a new $25 million Senior Secured Asset Based Loan, and paid off outstanding amounts under its debtor-in-possession term loan with proceeds from a $43 million equity rights offering. The Company's post-emergence cash balance is approximately $35 million
Related Categories :
Bankruptcy Exit
More Bankruptcy Exit News
-
Vista Proppants Emerges from Bankruptcy; Rebrands as V SandCo LLC
-
Gulfport Energy Emerges from Bankruptcy
-
Report: Chesapeake Poised to Emerge from Bankruptcy
-
Lonestar Resources Emerges from Bankruptcy
-
FTS International Exits Bankruptcy
Gulf Coast News >>>
-
Why Surface-Only Inventory Predictions Are a Fool’s Errand
-
Occidental Eyes $10 Billion OxyChem Sale Amid Debt and Capital Discipline Push -
-
Permian Gas Gets New Highway: Transwestern’s 1.5 Bcf/d Desert Southwest Expansion -
-
WaterBridge Infrastructure Brings Delaware Basin Water Model to Wall Street -
-
OPEC+ Nudges Supply Higher: Why This Weekend’s Hike Echoes 2020—But Isn’t 2020
