Reuters logo
BRIEF-Key Energy Services announces confirmation of consensual plan of reorganization
December 7, 2016 / 11:36 PM / a year ago

BRIEF-Key Energy Services announces confirmation of consensual plan of reorganization

Dec 7 (Reuters) - Key Energy Services Inc

* Key Energy Services Inc - On December 6, 2016, plan was confirmed by Bankruptcy Court.

* Key Energy Services - Confirmation provides for key to emerge from bankruptcy, likely by end of December

* Key’s restructuring will reduce company’s debt by approximately $725 million upon emergence

* Key Energy Services Inc - Key expects to exit bankruptcy with at least $80 million in cash on balance sheet

* Key Energy Services announces confirmation of consensual plan of reorganization Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below