FTS International (FTSI) Completes Financial Restructuring

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Go back to FTS International (FTSI) Completes Financial Restructuring

FTS International Completes Financial Restructuring

November 19, 2020 2:47 PM EST

Trading of New Common Stock to Commence on NYSE American under Ticker FTSI on November 20, 2020

FORT WORTH, Texas--(BUSINESS WIRE)-- FTS International, Inc. (NYSE American: FTSI) (FTSI or the Company) today announced that it has successfully completed its fully consensual financial restructuring and has emerged from Chapter 11.

Michael Doss, Chief Executive Officer, commented, Today is an important day for FTSI. We have quickly and efficiently completed our financial restructuring and emerge with sufficient cash and revolving credit capacity to deploy stacked fleets, invest in new technology, rebuild working capital and... More