FTS International Inc. - Ordinary Shares Class A

ASE:FTSI   3:59:40 PM EDT
27.76
+0.02 (+0.07%)
Debt Financing / Related, Restructuring / Reorganization, Bankruptcy / Related

Fts International Announces Amended Rsa, Launch Of Comprehensive Prepackaged Restructuring Plan With The Support Of 87.55% Of Secured Debt Claims

Published: 09/21/2020 21:29 GMT
FTS International Inc. - Ordinary Shares Class A (FTSI) - Fts International Announces Amended Rsa, Launch of Comprehensive Prepackaged Restructuring Plan With the Support of 87.55% of Secured Debt Claims.
Fts International - Entered Second Amended and Restated Rsa With Creditors Holding About 87.55% of Principal Amount Outstanding of Secured Debt.
Fts International- to File Voluntary Cases Under Chapter 11 of U.S. Bankruptcy Code in U.S. Bankruptcy Court for Southern District of Texas on Sept 22.
Fts International - Intends to Commence Solicitation of Votes From Equity Interests Post a "first-day" Hearing, Expected on Or About Sept.
24.
Fts International - to Continue to Operate in Ordinary Course of Business During Restructuring.