Basic Energy Services (BAS) Obtains ABL Facility Temp. Waiver Extension
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Basic Energy Services Receives Extension Of Waiver From Asset-Based Lenders
October 18, 2016 6:03 AM EDTFORT WORTH, Texas, Oct. 18, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company has successfully obtained an extension of its temporary waiver from Basic's secured asset-based revolver (the "ABL Facility") lenders. As previously announced on October 17, 2016, the Company was seeking an additional extension of its temporary waiver of certain existing and future defaults under the ABL Facility in order to finalize the terms of a deleveraging transaction with its creditors. Basic has now received an additional seven day extension of the temporary waiver, through... More
Basic Energy Services Announces Substantial Progress Made In Discussions With Creditors
October 17, 2016 11:10 AM EDTFORT WORTH, Texas, Oct. 17, 2016 /PRNewswire/ --Â Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company, its secured term loan lenders and secured asset-based revolver lenders (collectively, the "Secured Lenders"), and certain of its unsecured bondholders have made substantial progress towards finalizing the terms of a deleveraging transaction. To enable all parties to finish documenting the terms of such transaction, the Company, its Secured Lenders, and certain of its unsecured bondholders have agreed to further extend the previously announced forbearance agreement and waivers as detailed... More
OTC Markets Group Announces Quarterly Index Performance and Rebalancing
October 17, 2016 7:00 AM EDTNEW YORK, Oct. 17, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the third quarter 2016 performance and quarterly rebalancing of the OTCQX® indexes, the OTCQB® Venture Index, the OTCM QX ADR 30 Index and the OTCM ADR Index.
The... More
BASF set to dazzle with cars, colors and business solutions at SEMA
October 14, 2016 10:47 AM EDTSOUTHFIELD, Mich., Oct. 14, 2016 /PRNewswire/ -- BASF Automotive Refinish revs up to make a colorful splash at the 2016 Specialty Equipment Market Association (SEMA) Show in Las Vegas when it unveils the latest in restyled and custom vehicles, new color offerings, advanced business solutions, custom paint solutions and its inaugural 'Color of the Year'.
BASF will host a press conference, held at booth #20367 located in the Racing & Performance area of Central Hall, at 12:30 p.m. on Nov. 1, featuring:
The 2017 BASF 'Color of the Year' As the leading chemical supplier to the... More
