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OFS - Vista Proppants files for Chapter 11 reorganization - July 2020
Vista Proppants and Logistics filed for Chapter 11 bankruptcy on June 9, overwhelmed by collapsing activity in the already oversupplied in-basin frac sand market because of the downturn. The Fort Worth, Texas-based company will continue limited operations after lining up $11 million in financing from senior lenders and expects to leave reorganization in 120 days. The company has roughly $400 million in assets and about $500 million in secured debt, including a $370 million......
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