Nine Energy Service Takes Action to Strengthen Capital Structure and Position Company for Future Growth
Nine Energy Service Takes Action to Strengthen Capital Structure and Position Company for Future Growth News provided by Nine Energy Service, Inc. Feb 01, 2026, 22:03 ET Seeks approval of voluntary prepackaged restructuring plan with strong support from lenders, expects to emerge from process within 45 days Receives commitment for $125 million in new financing to support ongoing operations throughout process Continues to operate as usual and provide best-in-class solutions to customers All vendors to be unimpaired and paid in full HOUSTON, Feb. 1, 2026 /PRNewswire/ -- Nine Energy Service, Inc. ("Nine"), a leading onshore completion solutions provider, announced today that it has reached an agreement with its debtholders on a comprehensive recapitalization transaction designed to strengthen its capital structure and support the Company's long-term financial health. To implement the transaction, Nine Energy Service, Inc. and certain of its U.S. and Canadian subsidiaries (t...