Calfrac Says Court Stops Wilks Brothers' Effort on Insolvency

摘要

Calfrac Well Services says a U.S. court has overruled Wilks Brothers' objection to Chapter 15 relief. 1.Calfrac says it prevailed in in its request for entry of a recognition order under Chapter 15 2.Company says ruling stops latest Wilks Brothers' effort to obstruct recapitalization 3.Ruling will be followed in the coming weeks by the entry of a Chapter 15 recognition order, company says 4.NOTE: Aug. 28, Calfrac Says Recapitalization Is Only Executable Transaction.