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8 months ago
BRIEF-Basic energy services successfully completes prepackaged restructuring, emerges from chapter 11
December 23, 2016 / 7:57 PM / 8 months ago

BRIEF-Basic energy services successfully completes prepackaged restructuring, emerges from chapter 11

Dec 23 (Reuters) - Basic Energy Services Inc :

* Basic Energy Services successfully completes prepackaged restructuring and emerges from Chapter 11 with $125 million of new capital and debt level reduced by $775 million

* Equitized over $800 million unsecured debt, including accrued interest, eliminated over $60 million in annual cash interest

* Co raised $125 million of new capital Source text for Eikon: Further company coverage:

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