Hi-Crush Inc. (NYSE: HCR), which supplies frac sand and other proppant and logistics services for hydraulic fracking operations, has filed for Chapter 11 bankruptcy protection.
Houston-based Hi-Crush, along with 21 affiliated companies, filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas on Sunday, after reaching a restructuring support agreement with holders of approximately 94% of its unsecured loans that were due in 2026.
The news was expected as the...
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