Vista Proppants’ Bankruptcy Plan Approved After ‘Bump’ (1)

Vista Proppants and Logistics LLC won court approval of its Chapter 11 restructuring plan after resolving objections to several last-minute revisions that had threatened to derail the company’s bankruptcy exit.

A hearing to confirm the frac sand manufacturer’s fourth amended Chapter 11 plan initially was suspended Tuesday after an attorney for the company’s directors and officers objected to revised indemnification language. Unsecured creditors also objected, saying they hadn’t been informed of changes made on the eve of the hearing.

Judge Edward L. Morris, who had suggested the parties try to resolve the “bump in the road” during a three-hour recess, ...