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BRIEF-SAExploration Says Emerged From Chapter 11 As A Private, Non-SEC Reporting Company

Reuters ·  Dec 22, 2020 03:00

Dec 21 (Reuters) - SAExploration Holdings Inc:

* SAEXPLORATION SUCCESSFULLY COMPLETES FINANCIAL RESTRUCTURING

* SAEXPLORATION HOLDINGS INC - HAS REDUCED ITS DEBT BY APPROXIMATELY $74 MILLION

* SAEXPLORATION HOLDINGS INC - EMERGED FROM CHAPTER 11 AS A PRIVATE, NON-SEC REPORTING COMPANY

* SAEXPLORATION HOLDINGS INC - ENTERED INTO A NEW $15.0 MILLION FIRST OUT TERM LOAN FACILITY WITH CERTAIN OF ITS EXISTING LENDERS

* SAEXPLORATION HOLDINGS INC - REFINANCED ITS PRIOR CREDIT FACILITY WITH A NEW $20.5 MILLION SECOND OUT TERM LOAN FACILITY WITH EXISTING LENDERS

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