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BANK OF AMERICA, WELLS FARGO, ENCINA BUSINESS CREDIT TO PROVIDE $75MM ABL TO BASIC ENERGY SERVICES

Basic Energy Services, Inc. announced earlier this month that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the “Prepackaged Plan”), which received near unanimous support from voting creditors.  The Company is expected to emerge from bankruptcy as early as today. According to the “Second Plan

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