NuVerra Environmental Solutions, Inc. and its subsidiaries entered into a restructuring support agreement with holders of over 80% of the company’s outstanding 12.5%/10% senior secured second-lien notes due 2021. The entire plan was presented upon NuVerra filing for Chapter 11 bankruptcy protection on May 1, a week after its expected April 24 filing date. The company said the plan would consist of significant elements including a debtor-in-possession financing plan provided by lenders; full payment......
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