by Rigzone Staff
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Monday, May 14, 2018
Proserv completes a financial restructuring, which it says has strengthened its long-term plans.
Proserv, a technology-driven energy services company, announced Monday the completion of a financial restructuring, which it said has strengthened its long-term plans.
Through a debt-for-equity exchange and injection of a $50 million investment, the companys two largest lenders, KKR and funds managed by Oaktree Capital Management L.P, will become owners of the company.
As part of the restructuring, the companys CEO, David L…
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