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First International Supplies Debt Refinancing to Nuverra

Nuverra Environmental Solutions closed a multi-faceted debt refinancing with First International Bank and Trust. The debt refinancing includes $13 million in equipment financing, a $5 million undrawn working capital revolver and a $4.839 million letter of credit facility.

Ares, Ascribe, Gates Capital Extend Maturity of Nuverra’s Credit Facilities

Nuverra Environmental Solutions entered into agreements with funds controlled by Ares Capital Management and funds controlled by Ascribe Capital Management and Gates Capital Management to amend its first lien and second lien credit agreements.

July 27, 2020 Ares Capital Management | Ascribe Capital Management | Charlie Thompson | Gates Capital Management | Nuverra Environmental Solutions Phil Neuffer

PNC Provides $75MM Revolver as Part of Pioneer Energy’s Emergence from Bankruptcy

According to an 8K, PNC Bank will serve as administrative agent on a $75 million asset-backed revolving credit facility for Pioneer Energy Services in conjunction with the company’s emergence from Chapter 11 bankruptcy protection.

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Tag Archives: Charlie Thompson

First International Supplies Debt Refinancing to Nuverra

Ares, Ascribe, Gates Capital Extend Maturity of Nuverra’s Credit Facilities

PNC Provides $75MM Revolver as Part of Pioneer Energy’s Emergence from Bankruptcy