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6 months ago
BRIEF-C&J Energy Services completes financial restructuring, emerges from chapter 11 bankruptcy
January 6, 2017 / 6:23 PM / 6 months ago

BRIEF-C&J Energy Services completes financial restructuring, emerges from chapter 11 bankruptcy

1 Min Read

Jan 6 (Reuters) - C&J Energy Services Ltd :

* C&J Energy Services successfully completes financial restructuring, emerges from chapter 11 bankruptcy and adopts stockholder rights plan

* Company is exiting its restructuring with over $220 million of total liquidity.

* Effective today, company has entered into a new $100 million revolving credit facility

* Company has entered into a new $100 million revolving credit facility

* Company paid off outstanding amounts under prior debtor-in-possession facility with proceeds from a $200 million equity rights offering Source text for Eikon: Further company coverage:

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