|Bid||0.8800 x 900|
|Ask||0.9300 x 1000|
|Day's Range||0.8458 - 0.9500|
|52 Week Range||0.0210 - 6.0700|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.13|
Superior Energy Services (OTCQX: SPNX) ("Superior" or the "Company") announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization, whereby the Company’s $1.3 billion in debt would be converted into equity and the company would emerge debt-free.
Moody's Investors Service, ("Moody's") downgraded SESI, L.L.C.'s (SESI or Superior Energy) Probability of Default Rating (PDR) to D-PD from Ca-PD. SESI's other ratings were affirmed, including its Ca Corporate Family Rating (CFR) and C senior unsecured notes rating.
Superior Energy Services (OTCQX: SPNX) ("Superior" or the "Company") announced today that it has advanced its previously announced financial restructuring by commencing voluntary cases under chapter 11 of the U.S. Bankruptcy Code before the U.S. Bankruptcy Court (the "Bankruptcy Court") for the Southern District of Texas (the "Chapter 11 Cases") to implement a proposed "pre-packaged" Plan of Reorganization (the "Plan").