SCOTTSDALE, Ariz., April 12, 2017 /PRNewswire/ — Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) (NESC) announced today that it has entered into a Restructuring Support Agreement (“RSA” or the “agreement”) with the holders of more than 80% of the Company’s outstanding 12.50%/10.0% Senior Secured Second Lien Notes due 2021 (the “2021 Notes”) to complete a comprehensive recapitalization of the Company that will significantly deleverage the Company’s balance sheet, improve liquidity and support operations while the energy market recovers from the prolonged depression of oil and natural gas prices. The agreement provides that the recapitalization will be completed pursuant to a proposed prepackaged plan of r…
Read the full article at: http://finance.yahoo.com/news/nuverra-enters-restructuring-support-agreement-211500953.html