Nuverra Environmental Solutions, Inc. (NYSE: NES) (“Nuverra”) today announced that it has closed its offer to exchange up to $150,000,000 in aggregate principal amount of 9.875% Senior Notes due 2018 (the “Exchange Notes”), which have been registered under the United States Securities Act of 1933, as amended (the “Securities Act”), for an equal aggregate principal amount of its outstanding 9.875% Senior Notes due 2018 (the “Old Notes”) that were originally issued on December 5, 2012, in a transaction exempt from registration under the Securities Act.
The exchange offer expired at 5:00 p.m., New York City time, on July 10, 2013. As of that time, $150,000,000 in aggregate principal amount of the Old Notes, or 100% of the outstanding principal amount of the Old Notes, had been tendered in the exchange offer. Nuverra accepted for exchange all of the Old Notes validly tendered and not withdrawn prior to expiration of the exchange offer.
The exchange offer was made to satisfy Nuverra’s obligations under a registration rights agreement entered into in connection with the issuance of the Old Notes, and did not represent a new financing transaction. The terms of the Exchange Notes are substantially identical to the terms of the Old Notes, except that the Exchange Notes have been registered under the Securities Act and will not be subject to the transfer restrictions and registration rights that related to the Old Notes.
This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any of the Old Notes or the Exchange Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.About Nuverra Environmental Solutions, Inc. Nuverra is an environmental solutions company. The company is one of the largest companies in the United States dedicated to providing comprehensive and full-cycle environmental solutions to its customers in energy and industrial end-markets. Nuverra focuses on the delivery, collection, treatment, recycling, and disposal of restricted solids, water, waste water, used motor oil, spent antifreeze, waste fluids and hydrocarbons. The company continues to expand its suite of environmentally compliant and sustainable solutions to a collection of customers that demand stricter environmental compliance and accountability from their service providers.
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