-- Exchange Offer for New Convertible Second Lien Notes provides opportunity to extend maturity 4 years and significantly reduce debt upon conversion
-- Existing shareholders have opportunity to participate in New Convertible Second Lien Notes or additional shares through concurrent Rights Offering
-- Company intends to hold special meeting to approve transactions in February and consummate the offers as soon as practicable thereafter
PR Newswire
HOUSTON, Dec. 23, 2020