HOUSTON --(BUSINESS WIRE)--Feb. 2, 2021-- Superior Energy Services (“Superior” or the “Company”) announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S.

HOUSTON --(BUSINESS WIRE)--Jan. 19, 2021-- Superior Energy Services (OTCQX: SPNX) (“Superior” or the “Company”) announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization, whereby the Company’s $1.3 billion in debt would be converted into

Furthers Financial Recapitalization Process to Convert Company’s $1.3 billion Funded Debt into Equity Files “Pre-Packaged” Chapter 11 to Implement Amended and Restated Restructuring Support Agreement with Holders of approximately 85% of Company’s Senior Unsecured Notes Continues to Conduct Business

Financial Recapitalization Expected to be Implemented through “Pre-Packaged” Chapter 11 Process and Will Convert All $1.3 Billion of Company’s Funded Debt into Equity Superior Will Continue to Conduct Business As Usual With Customers, Vendors and Employees Company Will Have Strong Post-Emergence