Frac sand miner Hi-Crush completes bankruptcy restructuring

By William Clarke
Published: Tuesday, 13 October 2020

Frac sand miner and distributor Hi-Crush has completed its bankruptcy restructuring under the Chapter-11 provisions of US law, meaning that the company will continue to operate as a single entity.

United States-based Hi-Crush announced on Tuesday October 13 that it had eliminated around $450 million of debt from its balance sheet, as well as $76 million per year in interest expenses and lease payment obligations. Ownership of the company has passed into the hands of...

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