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:
September 30, 2013
December 31, 2013
March 31, 2014
June 30, 2014
September 30, 2014 & thereafter
The pricing of the Facility is unchanged by the Amendment.