FTS International (FTSI) Completes Financial Restructuring
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FTS International Completes Financial Restructuring
November 19, 2020 2:47 PM ESTTrading 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
