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0.0130718954248366 0.0130718954248366 -0.00653594771241831 -0.0137254901960784 -0.151960784313725 -0.0958169934640523 -0.0947712418300654 -0.17640522875817
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SAExploration Announces Entry Into Comprehensive Restructuring Support Agreement

SAEXPLORATION HOLDINGS (SAEX)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: investors.saexploration.com
PDF HOUSTON, Dec. 20, 2017 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW), or SAE, today announced that it has entered into a restructuring support agreement (the “Restructuring Support Agreement”) with holders (the “Supporting Holders”) that beneficially own approximately 90% in principal amount of SAE’s 10.000% Second Lien Notes due 2019 (the “Existing Notes”).  Pursuant to the Restructuring Support Agreement, the Supporting Holders have agreed to exchange their Existing Notes for a combination of common stock, convertible preferred stock and warrants, subject to the terms and conditions of the Restructuring Support Agreement. SAE will continue the operation of its business in the ordinary course and honor all obligations to its trade vendors in accordance with their terms. SAE also expects to continue to have access to all necessary funds under its revolver, subject to the consent of its lender, and to maintain obligations under its term loan on an agree [Read more]

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