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