FTS International Emerges From Chapter 11

Nov. 19, 2020, 7:52 PM UTC

FTS International said it successfully completed its fully consensual financial restructuring and has emerged from Chapter 11.

  • Upon emergence, FTSI expects to have about $90 million cash on hand and has entered into a new $40 million asset-based revolving credit facility
  • Trading of new common stock to commence on NYSE American under ticker “FTSI” on Nov. 20

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To contact the reporter on this story:
Hari Govind in San Francisco at hgovind@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

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