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Hi-Crush Inc. (fka HCRSQ)

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Last Post: 10/25/2020 5:12:26 PM - Followers: 22 - Board type: Free - Posts Today: 0




 

Corporate Communications

 

*Senior Secured Debtor-In-Possession Credit Agreement, dated as of July 14, 2020, by and among Hi-Crush Inc., as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Zions Bancorporation, N.A. DBA Amegy Bank, as an issuing lender, and the lenders party thereto.

         
 

10.2

   

*Senior Secured Debtor-In-Possession Term Loan Credit Agreement, dated as of July 14, 2020, by and among Hi-Crush Inc., as borrower, Cantor Fitzgerald Securities, as administrative agent, and the lenders party thereto.

https://www.hicrushinc.com/
https://www.hicrushinc.com/pronghorn
https://www.hicrushinc.com/nexstage
https://www.hicrushinc.com/propdispatch
https://www.hicrushinc.com/resources
https://www.hicrushinc.com/about/operations/
http://ir.hicrush.com/news-releases/news-release-details/hi-crush-inc-enters-restructuring-support-agreement-unsecured?field_nir_news_date_value[min]=2020&__hstc=241608605.da7931f1f064829caf68cbeba4998ac8.1601246312820.1601246312820.1601246312820.1&__hssc=241608605.6.1601246312821&__hsfp=3298817126
http://ir.hicrush.com/news-releases?field_nir_news_date_value[min]=2020



Business Summary
Hi-Crush Partners LP operates as a producer of monocrystalline sand. Monocrystalline sand is a mineral that is used as a proppant
to enhance the recovery rates of hydrocarbons from oil and natural gas wells.
It owns interests in sand reserves and related processing and transportation facilities in Wyeville, Wisconsin, including a 561-acre facility with integrated rail infrastructure.
The company offers raw frac sand used in hydraulic fracturing operations in oil and natural gas wells.
It serves pressure pumping service providers. The company was founded in 2010 and is based in Houston, Texas.

Website: http://www.hicrushpartners.com
09-28-2020
MANAGEMENT SAID SHOULD BE DONE BY MID OCTOBER 2020

$HCRSQ RESTRUCTURING
HOUSTON, July 13, 2020 - Hi-Crush Inc. (NYSE: HCR), ("Hi-Crush" or the "Company"), 
a fully-integrated provider of proppant logistics solutions, 
today announced it has entered into a Restructuring Support Agreement (the “Agreement”) with certain noteholders (the “Noteholders”), 

collectively owning or controlling approximately 94% of the 
aggregate outstanding amount of the Company’s 9.5% Senior Unsecured Notes due 2026. 

To implement the terms of the Agreement, the Company also announced 
that it has voluntarily filed petitions for reorganization under 
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court 
for the Southern District of Texas.

The terms of the Agreement provide for a comprehensive restructuring 
of the Company’s balance sheet (the “Prearranged Plan”) to be implemented through the commencement of Chapter 11 cases. 

The Prearranged Plan, if implemented, will result in the elimination 
of approximately $450 million of unsecured note debt and an ongoing reduction in annual interest expense of greater than $43 million. 

The Prearranged Plan also contemplates the equitization of certain material general unsecured claims against the Company. 

The Prearranged Plan provides the Company significant additional liquidity and minimizes operational disruptions. 

During the Chapter 11 proceedings, 
the Company will continue to operate its business in the normal course without disruption to its vendors, 
customers, 
or employees, 
and will have sufficient liquidity to meet its financial obligations during the restructuring process. 

Through certain motions filed concurrent with the Chapter 11 cases, 
Hi-Crush estimates that substantially all trade vendors who will 
have an ongoing business relationship with the Company will be 
paid for goods and services in the normal course of business without interruption.

Working with the Noteholders, the Company expects to complete the Chapter 11 process within 60 to 90 days.

Court filings and other information related to the court-supervised proceedings are available on a separate website administered by the Company’s claims agent, KCC, at 
https://www.kccllc.net/hicrush.

Additionally, the Company has set up a toll-free hotline to answer questions regarding this transaction. The hotline can be accessed by calling (866) 554-5810.


https://www.hicrushinc.com/pronghorn


https://www.hicrushinc.com/nexstage

https://www.hicrushinc.com/propdispatch

[-chart]www.hicrushinc.com/hs-fs/hubfs/prop-dispatch-logo.png?width=300&name=prop-dispatch-logo.png[/chart]

Proppant management, logistics dispatch and inventory monitoring software.
The PropDispatch proppant management and logistics platform provides real-time visibility, automation and data acquisition. The web-based and mobile-app software increases operational efficiencies in many ways:

Last mile simplified – PropDispatch simplifies last mile ordering, dispatching, hauling, tracking, reconciling and invoicing of trucks and sand.

Real-time visibility – PropDispatch enables real-time decision making by providing a constant data flow of truckloads vs. inventory.

Central dispatch – PropDispatch enables efficient driver dispatch based on location and proximity to supply points.

The advanced PropDispatch last mile platform features best in class technology that:


https://www.hicrushinc.com/resources



RESOURCES
Our goal at HCR is to help simplify your sand supply.
The information below provides details on how we responsibly
and efficiently mine, move and manage our proppant to meet your dynamic well completion needs.

 

Hi-Crush Inc.

 

Articles

 

Hi-Crush

 
 


$HCRSQ  https://www.otcmarkets.com/stock/HCRSQ/disclosure

https://www.otcmarkets.com/stock/HCRSQ/news

https://www.otcmarkets.com/stock/HCRSQ/security
HCRSQ SECURITY DETAILS

Share Structure

Market Cap Market Cap   1,251,621
09/25/2020
 
Authorized Shares   500,000,000
03/18/2020
 
Outstanding Shares   99,889,960
08/03/2020
 
Restricted
Not Available
 
Unrestricted
Not Available
 
Held at DTC
Not Available
 
Float   92,011,899
03/18/2020
 
Par Value
No Par Value
 
https://www.otcmarkets.com/stock/HCRSQ/profile
DESCRIPTION
Hi-Crush Inc. is a fully integrated provider of proppant and logistics services for hydraulic fracturing operations,
offering frac sand production, advanced wellsite storage systems, flexible last mile services and innovative software for real-time
visibility and management across the entire supply chain.
Our strategic suite of solutions provides operators and service companies in all major U.S. oil and gas basins with the ability to build safety,
reliability and efficiency into every completion.
 
Restricted
Not Available
 
Unrestricted
Not Available
 
Held at DTC
Not Available
 
Float   92,011,899
03/18/2020
 
Par Value
No Par Value
 
https://www.otcmarkets.com/stock/HCRSQ/overview








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PostSubject
#433   Hi-Crush Inc. (fka HCRSQ) mick 10/25/20 05:12:26 PM
#432   wow what ah bagger to shareholders. $HCRSQ mick 10/25/20 05:12:14 PM
#431   Why did call it good then. LMAO Pnypnchr 10/16/20 05:10:05 PM
#430   i am surprised bypassed all shareholders !!!!! mick 10/16/20 02:42:02 PM
#429   agree 02opida 10/16/20 01:27:18 PM
#428   AMTD NOT ACCEPTING TRADES !!!!! mick 10/16/20 01:05:24 PM
#427   wow what ah bagger to shareholders. $HCRSQ mick 10/16/20 12:12:13 PM
#425   HCRSQ BK PLAN effective. All shares cancelled. Renee 10/15/20 05:13:51 PM
#424   I know..isn't that what I said?? Or was 56Chevy 10/15/20 02:40:49 PM
#423   Effective immediately, all existing shares of the Company's 02opida 10/15/20 02:30:06 PM
#422   No worries. 56Chevy 10/15/20 11:47:20 AM
#421   RIP Doubleday 10/15/20 10:56:57 AM
#420   thanks 56 & looking good 02opida 10/15/20 09:56:55 AM
#419   Effective immediately, all existing shares of the Company's 56Chevy 10/14/20 06:43:57 PM
#418   Ok, thanks. Keep us posted. Pnypnchr 10/13/20 08:38:52 PM
#417   I emailed the company that question and i NeutronLD50 10/13/20 08:36:12 PM
#416   $HCRSQ whatzzz going on here ????? money run ????? mick 10/13/20 08:16:30 PM
#415   $HCRSQ what should shareholders expect now ????? $1.00 mick 10/13/20 07:04:04 PM
#414   $HCRSQ good repore' my friend !!!!! mick 10/13/20 07:02:08 PM
#413   Are the new shares trading now? Pnypnchr 10/13/20 01:36:49 PM
#412   Hi-Crush Inc. Successfully Completes Restructuring, Emerges From Chapter 02opida 10/13/20 10:50:34 AM
#411   12.8 % Held by Institutions 02opida 10/13/20 10:42:10 AM
#410   K files & looking good 02opida 10/13/20 10:41:31 AM
#409   https://www.stockwatch.com/Quote/Detail?U:HCRSQ 02opida 10/13/20 07:54:59 AM
#408   https://www.otcmarkets.com/stock/HCRSQ/news/Hi-Crush-Inc-Successfully-Completes- NeutronLD50 10/12/20 09:29:33 AM
#407   That's what the 8K says anyway....... Zardiw 10/11/20 07:49:53 PM
#406   THIS IS GOOD 02opida 10/11/20 10:34:01 AM
#405   Looks like they got some financing from JP Morgan.. 02opida 10/11/20 10:33:48 AM
#404   Looks like they got some financing from JP Zardiw 10/10/20 09:23:47 AM
#403   volume doing good 02opida 10/06/20 03:04:47 PM
#402   looking good this Monday 02opida 10/05/20 11:13:25 AM
#401   Although the Chapter 11 reorganization process is complex 02opida 10/04/20 12:19:04 PM
#400   What happens to shares after chapter 11 finalized. 20BaggerDeluxe 10/02/20 04:29:03 PM
#399   HCRSQ HI CRUSH BY [full emergence from Chapter 02opida 10/01/20 12:15:51 PM
#398   Description Hi-Crush Inc. is a fully integrated provider of 02opida 10/01/20 12:15:02 PM
#397   OS ~ 99,889,96 08/03/2020 02opida 10/01/20 12:14:40 PM
#396   12.8 = https://fintel.io/so/us/hcrsq 02opida 10/01/20 12:13:30 PM
#395   News Release Hi-Crush Inc. Announces Successful Confirmation of 02opida 10/01/20 12:12:16 PM
#394   12.8 % Held by Institutions 02opida 10/01/20 12:11:21 PM
#393   Middle of Oct only weeks away 02opida 10/01/20 12:10:37 PM
#392   This thing just hit .04 at market open SC777 10/01/20 09:48:34 AM
#391   Inturusting indeed here. Hmm BEIJING BILL 09/30/20 10:03:20 PM
#390   Recent Trades - Last 10 of 85 02opida 09/30/20 12:56:39 PM
#389   From this article: fojcol 09/29/20 04:13:45 PM
#388   From the POR... The confirmation by the court fojcol 09/29/20 04:09:51 PM
#387   added some today too 02opida 09/29/20 03:15:20 PM
#386   looking good today 02opida 09/29/20 03:14:58 PM
#385   I've got my eye on that gap at SC777 09/29/20 11:47:33 AM
#384   And that's not even confirmed. $HCRSQ Ryguy008 09/29/20 11:43:56 AM
#383   Mid-October isn't next week Sparky :) SC777 09/29/20 11:42:26 AM
PostSubject
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