Frac sand co. Hi-Crush reaches agreement with creditors, files Chapter 11 bankruptcy

Houston-based Hi-Crush Inc. (NYSE: HCR), which provides frac sand and other proppant and logistics services for hydraulic fracturing operations, has filed for bankruptcy protection, as expected.

The filing came after the company reached a restructuring support agreement with holders of about 94% of its senior unsecured notes due 2026, according to a July 13 press release. Previously, Hi-Crush said it intended for file for bankruptcy protection regardless of whether an agreement could be reached,…

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