FTS International pays off 2020 exit facility due to acquisition

Chicago, March 7 – FTS International, Inc. repaid all of its outstanding obligations under its credit agreement that was part of an exit facility from its Chapter 11 plan of reorganization due to the buyout of the company by ProFrac Holdings, LLC, according to an 8-K filed with the Securities and Exchange Commission.

Wells Fargo Bank, NA was the administrative agent.

Fort Worth-based FTS provides well-completion services, including pressure pumping, wireline and reservoir optimization technologies. The effective time of the merger was on March 4.

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