Temasek-Backed FTS International Files for Chapter 11 Bankruptcy
Posted on 09/29/2020
Fort Worth, Texas-based FTS International, Inc. (once known as Frac Tech Holdings LLC) filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. FTS International is a fracking-services company. FTS reached a deal with creditors on a debt-for-equity swap. The company’s funded debt obligations totaled US$ 446.7 million. […]
