Actionable news
0
All posts from Actionable news
Actionable news in CJES: C&J ENERGY SERVICES Inc,

How C&J Services' Restructuring Affects Shareholders

C&J Services is Entering a Prepackaged Chapter 11 Bankruptcy to Reorganize.

Current Common Shareholders Only Will Receive Warrants.

While the Terms of Reorganization Aren't Complete, Current Shareholders Can Estimate the Value.

On Friday night, C&J Services (NYSE:CJES) put out a press release that the company had entered into their previously announced restructuring support agreement with lenders and would be going through a prepackaged chapter 11 bankruptcy process. This morning the company put out an 8-K and associated EX-10.1 disclosing some, but not all, of the terms of the restructuring. The remaining terms are subject to negotiation which should then comprise the company's...


More