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EMES - Emerge Energy Services To Restructure Debt Obligations
Emerge Energy Services LP representing Limited Partner Interests
In Monday's after hours session, ailing frac sand supplier Emerge Energy Services LP (EMES) disclosed it has entered into a restructuring support agreement with major creditors.
The company has been covered for some time by fellow contributor Todd Akin so investors should use his work as a starting point.
Source: Company Website
After violating financial covenants governing its revolving credit facility and second lien notes in Q4/2018, the company entered into negotiations with creditors and added a restructuring expert to its board. Last month, Emerge Energy Services delayed its 10-K report in light