3/9/2018
ABERDEEN — Energy services company Proserv has entered into a restructuring agreement with its principal lenders which will strengthen the long term financial structure of the company.
The agreement will result in up to $50 million of fresh capital being injected in to the business and will see existing lenders Oaktree Capital Management and KKR become majority shareholders. U.S. private equity investor Riverstone Holdings LLC, formerly the principal share…
Read the full article at: http://www.worldoil.com/news/2018/3/9/proserv-enters-into-restructuring-agreement