TheNewsRoom | Today's Big Losers: SWSI, SUTR, UCBI

All of these words:

The exact phrase:

None of these words:

Categories

Date

Providers

Advanced Search

Learn More

Grab Networks has a huge collection of videos from over 300 news sources. Find in-depth news, embed it to your site, and build community!

About Us
Embedding
Getting Paid
Updates

Connect

The Gallery

Bookmark

Today's Big Losers: SWSI, SUTR, UCBI

September 25, 2009

Superior Well Services (SWSI) announced it amended its credit facility to relax certain financial covenants. But the facility's capacity will be cut in half by January from the prior 250 million down to 125 million, and a new covenant was added requiring the company to raise at least 50 million dollars before year end either by selling common stock, selling off assets, or both, to pay down the facility.