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Regions Provides $35MM ABL Facility to Forbes Energy Services

Regions Bank provided a new $35 million asset-based facility to Forbes Energy Services to support the company’s acquisition of Cretic Energy Services from Catapult Energy Services Group.

Forbes Energy Completes Plan, Wilmington Trust Agents $50MM Term Loan

Forbes Energy Services’ plan of reorganization has been confirmed and became effective on April 13, 2017. Wilmington Trust was agent on a $50 million term loan to support the plan.

April 19, 2017 Forbes Energy Services | Regions Bank | Wilmington Trust Sam Nickerson

Regions to Agent Facility to Support Forbes Reorganization Plan

Forbes Energy Services has filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas-Corpus Christi Division according to the terms of its restructuring support agreement.

January 24, 2017 Forbes Energy Services | Regions Bank ABF Journal

<img width="200" src="https://www.abfjournal.com/wp-content/uploads/2020/02/abfj-logo-web-header1-blue.png" alt="ABFJournal" />

Tag Archives: Forbes Energy Services

Regions Provides $35MM ABL Facility to Forbes Energy Services

Forbes Energy Completes Plan, Wilmington Trust Agents $50MM Term Loan

Regions to Agent Facility to Support Forbes Reorganization Plan