SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Nuverra Environmental Solutions, Inc. (NYSE American: NES) (“Nuverra,” the “Company,” “we,” “us” or “our”) is pleased to announce the closing of a multi-faceted debt refinancing with First International Bank and Trust based in Watford City, ND. Nuverra executed a $10.0 million real estate loan, a $13.0 million equipment financing under the Main Street Priority Lending program, a $5.0 million undrawn working capital revolver and a $4.839 million letter of credit facility. Proceeds from the real estate loan and the equipment financing repaid all outstanding obligations owed to Ares under our first lien facility and revolver (which included the outstanding letters of credit) and all outstanding obligations under our second lien…
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