Nuverra enters into restructuring support agreement with senior notes holders

Nuverra Environmental Solutions Inc. has entered into a privately negotiated restructuring support agreement with holders of more than 80% of the company's unsecured senior notes due 2018 to initiate a proposed debt restructuring plan intended to improve liquidity, defer cash interest expense, and preserve value for common stock shareholders.

Nuverra has taken this action in response to the current low commodity price environment for crude oil and natural gas, which has impacted the company's revenues and liquidity as customer activities have slowed.

Nuverra focuses on the delivery, collection, treatment, recycling, and disposal of restricted solids, water, wastewater, waste fluids, and hydrocarbons.

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