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$HCRSQ
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:
Manages and displays on-pad inventory, in containers or silos, to accurately provide volume delivered downhole and minimize or eliminate trucking demurrage.
Enables dispatching and real-time monitoring of truckloads between the terminal and well
Simplifies back office truck reconciliation process
Provides comprehensive dashboards and real-time KPIs
Seamlessly integrates with virtually any application.
LEARN MORE ABOUT PROPDISPATCH
FOLLOW PROPDISPATCH ON SOCIAL MEDIA:
PROPDISPATCH
General Inquiries:
info@propdispatch.com
Sales Inquiries:
sales@propdispatch.com
Support Inquiries:
support@propdispatch.com
Ive read through the POR and I cant find any literature that says commons are saved or intact. Have you???
$HCRSQ
https://www.hicrushinc.com/nexstage
[-chart]www.hicrushinc.com/hs-fs/hubfs/nextstage-logo.png?width=349&name=nextstage-logo.png[/chart]
Easily meet the proppant demands of the largest hydraulic fracturing jobs with the NexStage silo system. Our silo technology ensures maximum wellsite storage while providing industry-leading HSE benefits.
The NexStage system stores large proppant volumes in small-footprint vertical silos. Available in a range of sizes and configurations, each silo is delivered and erected in about two hours with a crane-free transport system.
[-chart]www.hicrushinc.com/hs-fs/hubfs/nexstage-silo.jpg?width=235&name=nexstage-silo.jpg[/chart]
Proppant is rapidly transferred to the silos using two loading options: hopper-bottom trucks that gravity-feed an innovative, top-fill conveyor system, or with a conventional pneumatic process. A specialized conveyor system minimizes silica dust while reliably transferring proppant from each silo to the blender.
Optimize the pad—Each silo solution is configured to minimize your sand storage footprint while maximizing storage capacity.
Improve health and safety—Dust mitigation cuts silica emissions by more than 90% when using our innovative top fill technology and hopper bottom trailers vs. pneumatic equipment; noise reduction and advanced conveyance creates a safer work environment.
Customize the wellsite—Multiple silo sizes and configurations, with crane-free lift and transport, maximize flexibility and improve safety.
Flexible fill options—Our advanced hopper bottom system can top fill in significantly less time than traditional systems. Make the most of transportation options and availability.
Engineered HSE. Every NexStage silo system is built to benefit health, safety and the environment. Our OSHA PEL-compliant technology significantly reduces silica dust emission compared to conventional pneumatic delivery technology. Dust management also cuts damaging particulate ingestion by wellsite equipment. NexStage equipment and processes also provide a significant reduction in wellsite noise, exhaust and traffic.
NEXSTAGE
General Inquiries:
info@nexstagesystems.com
Recruiting/HR Inquiries:
hr@nexstagesystems.com
Sales Inquiries:
sales@nexstagesystems.com
Technical Support Inquiries:
support@nexstagesystems.com
$HCRSQ
https://www.hicrushinc.com/pronghorn
[-chart]www.hicrushinc.com/hs-fs/hubfs/pronghorn-logo.png?width=392&name=pronghorn-logo.png[/chart]
Pronghorn Energy Services provides turnkey proppant delivery services from the point of origin into the blender. Our fully integrated solution manages the entire proppant last mile value chain with the flexibility to provide the appropriate equipment to meet any customer need. Tell our experts what you need and where you want it – we’ll execute upon the rest.
We design solutions utilizing NexStage silos, Atlas top-fill conveyors and PropX containers create the lowest cost, most reliable supply chain given wellsite and frac design requirements. We use PropDispatch software to drive unmatched trucking analytics that structurally reduce cost while providing complete real time supply chain visibility to our clients.
Let Pronghorn help you make the lowest cost, highest performing decision.
PRONGHORN
518 17th St, Suite 400, Denver, CO 80202
General Inquiries:
720.465.1188 or info@pronghornlogistics.com
Recruiting Inquiries:
720.457.5634 or hr@pronghornlogistics.com
Sales Inquiries:
sales@pronghornlogistics.com
Trucking Inquiries:
trucking@pronghornlogistics.com
$HCRSQ $1 or more during proceeding imho !!!!!
$HCRSQ ????? usually shareholders are last inline ?????
$HCRSQ 60 to 90 days [HOUSTON, July 13, 2020 /PRNewswire/ -- Hi-Crush Inc. (NYSE: HCR), ("Hi-Crush" or the "Company"),]
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.
$HCRSQ 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
HCRSQ...Does anyone know if the commons are saved through their plan of reorganization??? TIA
$HCRSQ i think four sub-divisions mentions & sorting them !!!!! i think one dollar stock !!!!!
$HCRSQ 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 (the "First Day Motions"), 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.
In addition, the Company has received commitments from its various pre-petition lenders for $65 million in Debtor-In-Possession and exit financing (the "DIP/Exit Facilities"), subject to typical and customary terms, which will be used to meet working capital needs during the pendency of the case and long-term capital needs post emergence. The DIP/Exit Facilities consist of, (i) a $25 million Senior Secured Asset Based Loan from its pre-petition secured lenders that will convert to an exit facility upon the Company's emergence from the Chapter 11 Cases, and (ii) a $40 million DIP loan from the participating Noteholders, scheduled to be refinanced to $40 million of new Senior Secured Convertible Notes (the "New Secured Convertible Notes") upon emergence from the Chapter 11 Cases.
"We are very pleased to have reached this agreement with our various lenders," said Mr. Robert E. Rasmus, Chairman and Chief Executive Officer of Hi-Crush. "The agreement will allow Hi-Crush to maintain normal operations and continue delivering high quality services to our customers. We will also significantly improve our balance sheet and enhance our Company's financial flexibility over the near and long-term. The exchange of debt for equity is a clear indication of the high confidence our noteholders have in the future of Hi-Crush. The agreement itself will simplify and accelerate the restructuring process, and we expect to emerge from this process in an even stronger market position, with an enhanced ability to execute on our operational strategy and grow our business over the long-term. We look forward to continuing to work with all of our partners across the oil and gas industry."
The Prearranged Plan, First Day Motions, and DIP/Exit Facilities are subject to court approval and, as such, final terms of any restructuring transaction may differ. If approved, they provide for the following:
Payment of substantially all go-forward trade claims in the ordinary course
Cancellation of current equity
Conversion of $450 million of existing pre-petition debt into equity of the reorganized company
$40 million rights offering for New Secured Convertible Notes subject to certain typical and customary terms
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. Additional information regarding Hi-Crush Inc.'s restructuring and Chapter 11 filing is available at http://ir.hicrush.com/restructuring.
Advisors
Lazard is acting as financial advisor, Latham & Watkins LLP is acting as legal counsel, and Alvarez & Marsal is acting as restructuring advisor to Hi-Crush Inc. in connection with the Prearranged Plan. Moelis & Company is acting as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison is acting as legal advisor to the Noteholders.
This press release does not constitute an offer to sell or purchase any securities, which would be made only pursuant to definitive documents and an applicable exemption from the Securities Act of 1933, as amended.
Forward-Looking Statements
Some of the information in this news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, and contain projections of results of operations or of financial condition, or forecasts of future events. Words such as "may," "should," "assume," "forecast," "position," "predict," "strategy," "expect," "intend," "hope," "plan," "estimate," "anticipate," "could," "believe," "project," "budget," "potential," "likely," or "continue," and similar expressions are used to identify forward-looking statements. They can be affected by assumptions used or by known or unknown risks or uncertainties. Consequently, no forward-looking statements can be guaranteed. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Hi-Crush's reports filed with the Securities and Exchange Commission (the "SEC"), including those described under Item 1A of Hi-Crush's Form 10-K for the year ended December 31, 2019 and any subsequently filed 10-Q. Actual results may vary materially. You are cautioned not to place undue reliance on any forward-looking statements. You should also understand that it is not possible to predict or identify all such factors and should not consider the risk factors in our reports filed with the SEC or the following list to be a complete statement of all potential risks and uncertainties. Factors that could cause our actual results to differ materially from the results contemplated by such forward looking statements include: the volume of frac sand we are able to sell; the price at which we are able to sell frac sand; the outcome of any pending litigation, claims or assessments, including unasserted claims; changes in the price and availability of natural gas or electricity; changes in prevailing economic conditions; difficulty collecting receivables. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. Hi-Crush's forward-looking statements speak only as of the date made and Hi-Crush undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
About Hi-Crush Inc.
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.
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hi-crush-inc-enters-into-restructuring-support-agreement-with-unsecured-noteholders-301092011.html
SOURCE Hi-Crush Inc.
Caldwell Bailey, Manager, Investor Relations, Marc Silverberg, ICR, ir@hicrushinc.com, (713) 980-6270
$HCRSQ Plan Confirmation: https://www.kccllc.net/hicrush
Please take note that on September 23, 2020, the Court entered the Findings of Fact, Conclusions of Law and Order Confirming the Joint Plan of Reorganization for Hi-Crush Inc. and its Affiliated Debtors Under Chapter 11 of the Bankruptcy Code [Docket No. 420].
General Information:
On July 12, 2020, each of the 22 Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). These cases are jointly administered under Case No. 20-33495 before the Honorable David R. Jones in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”).
For additional information, please call (866) 554-5810 (U.S./Canada) or (781) 575-2032 (International) or click here to submit an email inquiry.
I READ IT BUT NEED TO RETRIEVE IT HCRSQ
$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.
RESTRUCTURING WILL BE COMPLETED BY MID OCTOBER this yr
moving up a little slowly
OS moving down some
$HCRSQ RESTRUCTURING WILL BE COMPLETED BY MID OCTOBER, 2020
$HCRSQ Bid: 0.0179 Ask: 0.0188 Last: 0.0185 Chg ($): 0.006 Vol: 1.41M
hi dare good information my friend. getting action today !!!!! HCRSQ
gotta hold too..
Volume: 602,532 @09/25/20 3:52:40 PM EDT
Bid Ask Day's Range
all good ~ News Release Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization
charts are good
HCRSQ...Does anyone know if the commons are saved through their plan of reorganization??? TIA
I’m watching it. Needs a push now.
$HCRSQ HI CRUSH BY [full emergence from Chapter 11 proceedings by mid-October.]
HOUSTON, Sept. 24, 2020 /PRNewswire/ -- Hi-Crush Inc. (OTCMKTS: HCRSQ), ("Hi-Crush" or the "Company"), a fully-integrated provider of proppant logistics solutions, today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed its Prearranged Plan of Reorganization (the "Prearranged Plan").
Under the terms of the Prearranged Plan, which was approved at a hearing yesterday afternoon, the Company eliminates approximately $450 million of unsecured debt, reduces annual interest expense by more than $43 million, and equitizes certain material general unsecured claims against the Company. The Prearranged Plan provides the Company significant additional liquidity while minimizing operational disruptions.
"We are very pleased to have achieved this successful outcome with our noteholders and creditors," said Mr. Robert E. Rasmus, Chairman and Chief Executive Officer of Hi-Crush. "The confirmation by the court of the Prearranged Plan will allow for the recapitalization of Hi-Crush, and enable our company to continue delivering high quality services to our customers with the added benefit of a significantly improved balance sheet, thereby enhancing Hi-Crush's financial flexibility over the near and long-term. We look forward to continuing to serve our partners across the oil and gas industry as the sector's premier frac sand and frac sand logistics provider."
The Company anticipates finalizing the Prearranged Plan over the coming weeks, subject to standard and customary closing procedures and conditions. Hi-Crush Inc. anticipates full emergence from Chapter 11 proceedings by mid-October.
09-24-2020 REORGANIZATION PLAN HCRSQ
9-24 07:00 U:HCRS News Release Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization
Hi Crush Inc (PK) (HCRSQ)
0.012 ? -0.001 (-7.69%)
Volume: 602,532 @09/25/20 3:52:40 PM EDT
Bid Ask Day's Range
0.012 0.016 0.012 - 0.0135
HCRSQ Detailed Quote
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.
OS ~ 99,889,96 08/03/2020
HOUSTON, Sept. 24, 2020 /PRNewswire/ -- Hi-Crush Inc. (OTCMKTS: HCRSQ), ("Hi-Crush" or the "Company"), a fully-integrated provider of proppant logistics solutions, today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed its Prearranged Plan of Reorganization (the "Prearranged Plan").
Under the terms of the Prearranged Plan, which was approved at a hearing yesterday afternoon, the Company eliminates approximately $450 million of unsecured debt, reduces annual interest expense by more than $43 million, and equitizes certain material general unsecured claims against the Company. The Prearranged Plan provides the Company significant additional liquidity while minimizing operational disruptions.
"We are very pleased to have achieved this successful outcome with our noteholders and creditors," said Mr. Robert E. Rasmus, Chairman and Chief Executive Officer of Hi-Crush. "The confirmation by the court of the Prearranged Plan will allow for the recapitalization of Hi-Crush, and enable our company to continue delivering high quality services to our customers with the added benefit of a significantly improved balance sheet, thereby enhancing Hi-Crush's financial flexibility over the near and long-term. We look forward to continuing to serve our partners across the oil and gas industry as the sector's premier frac sand and frac sand logistics provider."
The Company anticipates finalizing the Prearranged Plan over the coming weeks, subject to standard and customary closing procedures and conditions. Hi-Crush Inc. anticipates full emergence from Chapter 11 proceedings by mid-October.
9-24 07:00 U:HCRS News Release Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization
There is another one to consider loading
Maybe the Robinhood boys pile in soon. Dead money for now.
Lookin weak UpTICK,,,stuck at 4 cents.
How high is it gonna bounce? Year high $2.38.
Bouncing from the low,,,watch it. Might be worth a gamble.
Sellers drying up.. Looks like it's about ready to run. Could rocket fast, huge from.05 area
This could bounce pretty huge from nickel area. $HCRSQ
.16+ very possible.
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