|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|
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:
The pricing of the Facility is unchanged by the Amendment.