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Debt Financing / Related, Restructuring / Reorganization, Earnings Announcements
Superior Energy Advances Comprehensive Restructuring Plan As Anticipated With Voluntary Filing Of Chapter 11
Published: 12/07/2020 12:37 GMT
(SPNX) - Superior Energy Advances Comprehensive Restructuring Plan As Anticipated With Voluntary Filing of Chapter 11.
Superior Energy Services Inc - Entered Chapter 11 Cases With Support of Holders of About 85% of Co's $1.3 Billion of Senior Unsecured Notes.
Superior Energy Services Inc - Intends to Operate Businesses, Facilities Without Disruption to Customers, Vendors, Employees.
Superior Energy - Noteholders to Receive 100% of Equity to Be Issued by Reorganized Co for Discharging $1.3 Billion of Unsecured Claims Arising Under Senior Notes.
Superior Energy Services Inc - Intends to Obtain a $120 Million Dip Facility for Unit With Certain Lenders Under Sesi's Existing Credit Facility.
Superior Energy - on Bankruptcy Court Approval, About $47.4 Million of Undrawn Letters of Credit Under Existing Facility to Be Deemed Outstanding Under Dip Facility.
Superior Energy Services Inc - Entered Chapter 11 Cases With Support of Holders of About 85% of Co's $1.3 Billion of Senior Unsecured Notes.
Superior Energy Services Inc - Intends to Operate Businesses, Facilities Without Disruption to Customers, Vendors, Employees.
Superior Energy - Noteholders to Receive 100% of Equity to Be Issued by Reorganized Co for Discharging $1.3 Billion of Unsecured Claims Arising Under Senior Notes.
Superior Energy Services Inc - Intends to Obtain a $120 Million Dip Facility for Unit With Certain Lenders Under Sesi's Existing Credit Facility.
Superior Energy - on Bankruptcy Court Approval, About $47.4 Million of Undrawn Letters of Credit Under Existing Facility to Be Deemed Outstanding Under Dip Facility.