Reuters logo
BRIEF-Ecostim completes recapitalization with Fir Tree Partners
2017年3月7日 / 凌晨1点34分 / 9 个月前

BRIEF-Ecostim completes recapitalization with Fir Tree Partners

March 6 (Reuters) - Eco-stim Energy Solutions Inc -

* Ecostim completes recapitalization with fir tree partners; secures $17 million in new funding positioning the company for growth and a debt free balance sheet

* Affiliate of fir tree partners entered into a transaction with an affiliate of albright capital management llc

* Eco-Stim energy solutions inc - ftp purchased from acm $22 million aggregate principal amount of company’s outstanding 14% convertible notes due 2018

* Ftp purchased from acm approximately two million shares of company’s outstanding common stock

* Eco-Stim energy solutions inc - co issued to ftp additional $17 million aggregate principal amount of convertible notes

* Eco-Stim energy solutions- issued to ftp about $2.4 million principal amount of additional convertible notes in payment of interest on existing notes Source text for Eikon: Further company coverage:

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