Seventy Seven Energy Inc. (the “Company”), today announced that it has entered into a Restructuring Support Agreement (the “Agreement”) with certain lenders (the “Incremental Term Loan Lenders”) representing 92.0% of the outstanding principal amount under the Company’s Incremental Term Supplement (Tranche [...]
Seventy Seven Energy Inc. (NYSE: SSE) today reported financial and operational results for the 2015 full year and fourth quarter. Key information related to the 2015 full year is as follows: Adjusted Revenues of $1.089 billion on Total Revenues of $1.131 billion Adjusted EBITDA was $235.0 million Net loss per fully diluted share was $4.42 SSE [...]
Seventy Seven Energy Inc. (NYSE:SSE) has scheduled to release its 2015 full year and fourth quarter operational and financial results before market open on Wednesday, February 17, 2016. A conference call to discuss the results has been scheduled for the same day at 3:00 p.m. CST. The telephone number to access the conference call is U.S. toll-free [...]
Seventy Seven Energy Inc. (NYSE: SSE) today reported preliminary estimated and unaudited financial and operational results for the 2015 full year and fourth quarter. Key information related to the 2015 full year and fourth quarter results is as follows: Full-year Total Revenues of $1.131 billion Full-year Adjusted EBITDA between $235.0 - $233.0 [...]
Seventy Seven Energy Inc. (NYSE: SSE) announced today that it has received notice from the New York Stock Exchange (“NYSE”) of non-compliance with the NYSE continued listing standard that requires the average closing price of the Company’s common stock to be not less than $1.00 per share over a period of 30 consecutive trading [...]
Seventy Seven Energy Inc. (NYSE: SSE) announced today that it has retained the services of Lazard Freres & Co. LLC to advise the Company’s management and board of directors on identifying opportunities in its capital structure to improve value and enhance strategic growth opportunities. Chief Executive Officer Jerry Winchester said [...]
Seventy Seven Energy Inc. (NYSE: SSE) today reported financial and operational results for the third quarter of 2015. Key information related to SSE for the third quarter is as follows: Consolidated Adjusted EBITDA of $41.1 million Positive free cash flow of $42.9 million Repurchased and cancelled $10.0 million of its 6.5% Senior Notes due 2022 [...]
Seventy Seven Energy Inc. (NYSE:SSE) has scheduled to release its 2015 third quarter operational update and financial results before market open on Wednesday, October 28, 2015. A conference call to discuss the results has been scheduled for the same day at 9:00 a.m. CDT. The telephone number to access the conference call is U.S. toll-free [...]
Seventy Seven Energy Inc. (NYSE: SSE) today reported financial and operational results for the second quarter of 2015. Key information related to SSE for the second quarter is as follows: Consolidated Adjusted EBITDA of $44.3 million and Hydraulic Fracturing Adjusted EBITDA of $18.2 million Positive free cash flow for the quarter of $82.0 million [...]
Seventy Seven Energy Inc. (NYSE:SSE) has scheduled to release its 2015 second quarter operational update and financial results before market open on Wednesday, July 29, 2015. A conference call to discuss the results has been scheduled for the same day at 9:00 a.m. CDT. The telephone number to access the conference call is U.S. toll-free [...]
Seventy Seven Energy Inc. (NYSE:SSE) announced today the completion of the previously disclosed sale of Hodges Trucking Company, L.L.C. to a wholly-owned subsidiary of Aveda Transportation and Energy Services Inc. (TSX-V:AVE). At the closing, SSE received aggregate consideration of $42 million, subject to a customary post-closing working capital [...]
Seventy Seven Energy Inc. (NYSE:SSE) announced today the execution of a definitive agreement to sell Hodges Trucking Company, L.L.C. to a wholly-owned subsidiary of Aveda Transportation and Energy Services Inc. (TSX-V:AVE). Hodges currently operates and owns approximately 900 pieces of rig moving and heavy haul equipment, including approximately [...]
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