Calfrac's Amended Recapitalization Transaction is the best alternative for Shareholders. It remains the only transaction being voted on at the upcoming Meetings and the only transaction capable of implementation. Today's amendments provide Shareholders with significantly improved economics,
CALGARY, AB, Sept. 14, 2020 /CNW/ - Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces the postponement of the shareholders and unsecured noteholders meetings with respect to its proposed Recapitalization Transaction from September 17, 2020 to September 29, 2020.
CALGARY, AB, Sept. 11, 2020 /CNW/ - Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) acknowledges receipt of an unsolicited offer by THRC Holdings L.P., an affiliate of Wilks Brothers, LLC, to acquire all of the Calfrac common shares that it and its affiliates do not already own.
Glass Lewis independently agrees that Calfrac's proposed Recapitalization Transaction is the Only Executable Transaction available to Calfrac Unsecured Noteholders and Shareholders. The situation is unchanged. The Calfrac Board of Directors continues to unanimously recommend that Shareholders and
CALGARY, AB, Sept. 2, 2020 /CNW/ - Calfrac Well Services Ltd. (" Calfrac " or the " Company ") (TSX: CFW) is announcing that Wilks Brothers, LLC (" Wilks Brothers ") has lost its latest attempt to litigate against Calfrac's Recapitalization Transaction.
CALGARY, AB, Sept. 1, 2020 /CNW/ - Calfrac Well Services Ltd. (" Calfrac " or the " Company ") (TSX: CFW) is announcing that it has prevailed in its request for entry of a recognition order under Chapter 15 of the United States Bankruptcy Code (" Chapter 15 "), despite Wilks Brothers LLC's ("
Fact : The Recapitalization Transaction is the only transaction being voted on. It is recommended that all Calfrac stakeholders VOTE FOR this transaction. Fact : Holders of 78% of the Unsecured Notes continue to support the Recapitalization Transaction. No other party has presented anything that
The Recapitalization Transaction remains the only transaction being voted upon, notwithstanding other contrary assertions in the media. The Recapitalization Transaction already has the contractual support of 78% of Senior Unsecured Noteholders and 23% of Shareholders.
CALGARY, AB, Aug. 17, 2020 /CNW/ - (TSX: CFW) As previously disclosed, Calfrac Well Services Ltd. (" Calfrac " or the " Company ") received an alternative business proposal from Wilks Brothers, LLC ( " Wilks Brothers ") on August 4, 2020. The Special Committee of Independent Directors of Calfrac
CALGARY, AB, Aug. 7, 2020 /CNW/ - Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces that it has obtained an interim order in connection with the Company's previously announced recapitalization transaction (the " Recapitalization Transaction ") to be implemented
