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.

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