Houston-based Key Energy Services Inc. completed its restructuring on March 6 and named new board members.
The onshore well-servicing contractor first announced in January that had reached an agreement to restructure without filing for bankruptcy protection.
The plan depended on shareholders approving measures supporting a deal that would cut their ownership in the company by 97 percent. Shareholders voted to approve all of the measures in February.
To complete the restructuring, lenders collectively…
