Prospect News: News for Basic Energy Services Inc.

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Prospect News home > Main news index > All issuers starting with B > Issuers starting with B, BK only > All stories on Basic Energy Services Inc. > Stories on Basic Energy Services Inc., BK only

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Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
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Basic Energy Services Inc.

8/20/2021	BKCVDDEMHY	Prospect News reports two new defaults for Aug. 12-Aug. 18 period
8/17/2021	BKDDHY	Basic Energy files bankruptcy for second time, plans to sell assets
5/20/2021	BKDDHY	Moody's cuts Basic Energy
5/17/2021	BKDDHY	Basic Energy notes grace period, loan forbearance extended to May 23
4/23/2021	BKCVDDEMHY	Prospect News reports two new defaults for April 15-April 21 period
4/16/2021	BKDDHY	S&P lowers Basic Energy
4/15/2021	BKDDHY	Basic Energy enters grace period for notes, forbearance for revolver
12/21/2020	BKDDHY	S&P ups Basic Energy
11/10/2020	BKDDHY	Moody’s cuts Basic Energy
11/9/2020	BKDDHY	S&P lowers Basic Energy
3/10/2020	BKDDHY	Moody’s changes Basic Energy view
3/10/2020	BKDDHY	S&P affirms Basic Energy
1/31/2020	BKDDHY	S&P trims Basic Energy Services
8/13/2019	BKDDHY	Moody’s cuts Basic Energy’s notes
5/21/2019	BKHY	S&P lowers Basic Energy Services
3/1/2019	BKBWHY	Basic Energy note sale, ABL facility lift liquidity to $159.9 million
10/10/2018	BK	Basic Energy enters into $150 million ABL revolving facility
9/26/2018	BKCVDDEMIGPV	Market Commentary: Altra, Ascent price; Vine, Resideo on tap; Basic Energy up; Chesapeake Energy lags
9/25/2018	BKCVDDEMIGPV	Market Commentary: Chesapeake Energy, Basic Energy price; Altra on tap; Tallgrass hovers at par; Refinitiv active
9/21/2018	BKHY	S&P rates Basic Energy notes B
9/19/2018	BK	Basic Energy to repay term loan, pay down revolver with note proceeds
9/19/2018	BKHY	Moody’s rates Basic Energy notes B3
4/17/2018	BK	Basic Energy Services upsizes ABL credit facility to $150 million
3/5/2018	BKHY	S&P gives B to Basic Energy notes
3/2/2018	BKHY	Moody’s rates Basic Energy, notes B3
3/1/2018	BK	Basic Energy in talks to secure new $150 million five-year ABL facility
2/28/2018	BK	Basic Energy Services to repay term loan agreement via note proceeds
10/2/2017	BK	Basic Energy Services gets new $100 million four-year ABL facility
12/28/2016	BKDD	Basic Energy closes on $239.18 million in Chapter 11 exit facilities
11/17/2016	BKDD	Basic Energy Services granted final approval of $90 million DIP loan
10/28/2016	BKCVDDEMHY	Prospect News reports four new defaults for week of Oct. 20-Oct. 26
10/25/2016	BKDDHY	Moody’s cuts Basic Energy PDR on bankruptcy
10/25/2016	BKDDHY	Basic Energy Services files bankruptcy to implement pre-packaged plan
10/24/2016	BKDDHY	Basic Energy to file for Chapter 11, seeks consents to implement plan
10/21/2016	BKCVDDEMHY	Prospect News reports six new defaults for Oct. 13-Oct. 19; S&P three
10/18/2016	BKDD	Basic Energy gets seven-day extension of temporary ABL revolver waiver
10/17/2016	BKDDHY	Basic Energy misses 2022 notes payment, makes progress with creditors
10/4/2016	BKCVDDEMHY	S&P global speculative-grade default rate increases to 4.04% in August
9/29/2016	BKDDHY	Basic Energy extends forbearance on 7ľ% notes, loans through Oct. 16
9/23/2016	BKCVDDEMHY	Prospect News reports two new defaults for Sept. 16-Sept. 21, S&P five
9/16/2016	BKDD	S&P downgrades Basic Energy, debt to D
9/16/2016	BKDD	Moody’s lowers Basic Energy to Ca
9/14/2016	BKDDHY	Basic Energy will not make notes payment when grace period expires
9/7/2016	BKDD	Basic Energy inks two waiver and consent agreements with term lenders
8/19/2016	BKCVDDEMHY	Prospect News reports three new defaults for Aug. 11-Aug. 17, S&P two
8/16/2016	BKDDHY	Basic Energy to use interest payment grace period under 7ľ% notes
7/29/2016	BKDD	Basic Energy Services seeks more time to meet conditions for loan draw
7/25/2016	BKDDHY	S&P cuts Basic Energy Services
7/22/2016	BKBWDDHY	Basic Energy mulls options to improve capital structure, ends Q2 with $138.4 million liquidity
5/11/2016	BK	Basic Energy extends delayed draw availability period by six months
4/21/2016	BKBWHY	Basic Energy stacks rigs, exits markets as oil prices dip; debt restructuring a possibility
3/24/2016	BKDDHY	S&P lowers Basic Energy, rates new loan B
3/10/2016	BKDDHY	Moody’s drops Basic Energy, notes
2/19/2016	BKBWHYLW	Basic Energy aims to preserve liquidity as downturn continues, takes on $165 million new debt
2/19/2016	BK	Basic Energy inks $165 million term loan agreement, will cut revolver
10/23/2015	BKBWHY	Basic Energy continues to react to lower customer activity, ends Q3 with liquidity of $167 million
9/10/2015	BKCVDDEMIGPV	Market Commentary: Frontier moves up timing, Lyon sells small deal; XPO falls on Con-Way bid; Basic Energy declines
9/4/2015	BKDDHY	Moody’s cuts Basic Energy, notes
8/18/2015	BKBWHYLW	Basic Energy Services has $208 million liquidity, ‘optionality,’ eyes acquisitions, joint ventures
8/5/2015	BKHY	S&P downgrades Basic Energy
7/31/2015	BKBWHYLW	Basic Energy reacts to continued market downturn, reduces debt in Q2
4/23/2015	BK	Basic Energy lowers revolver to $250 million, edits financial covenants
4/10/2015	BKHY	S&P cuts Basic Energy, notes to B
3/3/2015	BKBWHYLW	Basic Energy Services balance sheet can ride out energy sector storms
2/20/2015	BKBWHY	Basic Energy in ‘maintain-and-sustain’ mode; cap ex spending reduced in wake of downturn
12/3/2014	BKBWHYLW	Basic Energy raises liquidity by $50 million; CFO pleased with capital structure
12/2/2014	BK	Basic Energy obtains amended and restated $300 million credit facility
10/24/2014	BKBWHY	Basic Energy Services’ cash down in Q3, total liquidity is $240 million
6/24/2014	BKBWHYLMLW	Basic Energy boasts manageable debt, strong liquidity and cash on the balance sheet
12/4/2013	BKHY	Basic Energy Services plans to increase liquidity in 2014, revises capex spending for 2013
9/12/2013	BKHY	Basic Energy Services eyes acquisitions, maintains adequate liquidity
8/30/2013	BK	Basic Energy amends pricing grid, covenants under secured revolver
8/29/2013	BKHY	S&P lowers Basic Energy view to stable
7/26/2013	BKHY	Basic Energy ends Q2 with $887 million of debt, seeks covenant relief
5/13/2013	BKHY	Basic Energy Services eyes acquisition opportunities, has 'plenty of liquidity,' says CFO
2/20/2013	BKHY	Basic Energy Services ends 'challenging' year with $883 million debt, liquidity of $363 million
10/1/2012	BKHY	S&P: Basic Energy positive
10/1/2012	BKHY	Moody's: Basic Energy notes B2
8/15/2012	BKHY	Basic Energy Services lowers capex target, boasts strong liquidity
7/3/2012	BK	S&P lifts Basic Energy notes
6/26/2012	BKHY	Basic Energy Services buying back stock, takes break from acquisitions
4/10/2012	BK	Basic Energy ups secured revolving credit facility to $250 million
2/2/2012	BKHY	Moody's upgrades Basic Energy
10/21/2011	BKHY	Basic Energy to focus on growth opportunities prior to debt reduction
7/21/2011	BK	Basic Energy upsizes revolver for Maverick acquisition to $225 million
7/1/2011	BKHY	S&P ups Basic Energy
6/8/2011	BKHY	Moody's: Basic Energy notes B3
6/7/2011	BK	Basic Energy amends $165 million revolver for Maverick acquisition
2/18/2011	BK	Basic Energy gets $165 million revolver via Merrill, Capital One
2/2/2011	BKHY	S&P rates Basic notes B-
2/1/2011	BKHY	Moody's: Basic Energy view stable
8/3/2010	BKHY	S&P ups Basic Energy outlook to stable
12/11/2009	BKHY	S&P lowers Basic Energy
12/10/2009	BKHY	S&P lowers Basic Energy notes
7/23/2009	BKHY	S&P rates Basic Energy notes BB-
7/22/2009	BK	Basic Energy Services plans to pay down all revolver borrowings
7/22/2009	BKHY	Moody's rates Basic Energy notes Ba3
7/7/2009	BKHY	S&P drops Basic Energy, gives notes B+
7/7/2009	BKHY	Moody's lowers Basic Energy
7/6/2009	BKDD	Basic Energy warns of possible non-compliance with loan covenants
5/6/2009	BK	Basic Energy amends credit facility, extending $145 million of total
4/28/2009	BKHY	Moody's rates Basic Energy loan Ba1
2/10/2009	BKHY	S&P reviews oilfield services, drilling industry
7/17/2008	BKHY	S&P affirms Basic Energy
6/3/2008	BKCVHY	Moody's rates Grey Wolf loan Ba1
4/22/2008	BKCVHY	S&P: Grey Wolf on positive watch
4/21/2008	BKCVHY	Moody's may lift Grey Wolf, Basic
2/13/2007	BK	Basic Energy gets $225 million amended and restated revolver
1/26/2007	BKHY	S&P affirms Basic Energy, rates loan BB
1/25/2007	BKHY	Moody's rates Basic Energy Services loan Ba1
4/3/2006	BK	Basic Energy amends loan, increasing letter-of-credit subfacility
3/31/2006	BKHY	Moody's assigns Basic Energy Services notes B1
3/30/2006	BK	Basic Energy to repay term loan, revolver debt using bond proceeds
3/30/2006	BKHY	S&P assigns Basic Energy notes B
11/22/2005	BK	Moody's ups Basic Energy, rates loan Ba3
11/22/2005	BK	S&P ups Basic Energy loans to B+
11/16/2005	BK	Basic Energy launches $215 million credit facility
8/12/2005	BK	Basic Energy Services to repay some term debt with IPO proceeds

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