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Wells Fargo Closes $75MM ABL in Geokinetics Chapter 11 Exit

Geokinetics announced that it and its domestic subsidiaries successfully emerged from Chapter 11 protection. The company also secured a $75 million senior secured asset-based revolver with Wells Fargo Bank.

May 10, 2013 Geokinetics ABFJ News

Geokinetics Confirms Reorganization Plan, Secures Financing

Geokinetics announced that the U.S. Bankruptcy Court for the District of Delaware confirmed the second modified joint plan of reorganization. The company also secured a commitment from Wells Fargo for a $75 million ABL.

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Tag Archives: Geokinetics

Wells Fargo Closes $75MM ABL in Geokinetics Chapter 11 Exit

Geokinetics Confirms Reorganization Plan, Secures Financing