Friday, February 7, 2025

Basic Energy Services Enters Into Forbearance Agreement, Obtains Waivers To Continue Deleveraging Negotiations

FORT WORTH, Texas, Sept. 14, 2016 /PRNewswire/ — Basic Energy Services, Inc. (NYSE: BAS) (“Basic” or the “Company”) and certain subsidiaries today announced that the Company, its secured term loan lenders and secured asset-based revolver lenders (collectively, the “Secured Lenders”), and certain of its unsecured bondholders have taken steps to enable the continuation of negotiations regarding a deleveraging transaction. Specifically, the Company has