U. S. Well Services, Inc. (USWS) Misses Q1 EPS by 17c
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U.S. Well Services Announces First Quarter 2022 Financial and Operational Results
May 16, 2022 6:15 AM EDTHOUSTON, May 16, 2022 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company", "USWS," "U.S. Well Services" or "we") (NASDAQ: USWS) today reported first quarter 2022 financial and operational results. Â
First Quarter 2022 Highlights
Completed $21.5 million Term C Loan financing transaction as well as $25.0 million Registered Direct Offering of common equity and warrantsReduced Term A Loan and Term B Loan (collectively the "Senior Secured Term Loan") borrowings below $103 million, securing 1.0% cash interest and 4.125% PIK interest for remainder of... More