SAExploration Successfully Completes Financial Restructuring
Share: HOUSTON, Dec. 21, 2020 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. ("SAE" or the "Company") announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC reporting company. As a result of its plan of reorganization, which received broad support from its creditors, the Company has reduced its debt by approximately $74 million, net, thus positioning the Company for future growth. During the course of its restructuring, SAE continued to maintain global business as usual, preserving its strong relationships with i...
Source: benzinga.com