This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nuverra Environmental Solutions Amends $325 Million Bank Credit Facility

Nuverra Environmental Solutions, Inc. (NYSE:NES) today announced that it has entered into an amendment (the “Amendment”) of its existing $325 million credit facility (the “Facility”). The Amendment increases the permissible maximum total debt leverage ratio, as defined in the Company’s existing Facility, to the following terms:

               

As of:

Amended

Existing

September 30, 2013 4.75x 4.00x
December 31, 2013 4.50x 4.00x
March 31, 2014 4.25x 4.00x
June 30, 2014 4.00x 3.75x
September 30, 2014 & thereafter 3.75x 3.75x
 

The pricing of the Facility is unchanged by the Amendment.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,061.68 -8.72 -0.05%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs