ION Geophysical Corp

NYSE:IO   3:59:57 PM EDT
2.17
+0.78 (+56.12%)
5:29:46 PM EDT: $2.11 -0.06 (-2.77%)
Debt Financing / Related, Restructuring / Reorganization, Equity Financing / Related

Ion Announces Entry Into Restructuring Support Agreement For Its Second Lien Notes

Published: 12/23/2020 14:31 GMT
ION Geophysical Corp (IO) - Ion Announces Entry Into Restructuring Support Agreement for Its Second Lien Notes.
Ion Geophysical Corp - Agreed to Seek Shareholder Approval to Increase Number of Authorized Shares Available for Issuance.
Ion Geophysical - Exchange Offer for New Convertible Second Lien Notes Provides Opportunity to Extend Maturity 4 Yrs.
Ion Geophysical - Intends to Hold Special Meeting to Approve Transactions in February and Consummate Offers As Soon As Practicable.
Ion Geophysical - is in Active Dialogue With Several Current & New Investors About Serving As a Backstop Party on Rights Offering.