Oilfield Services Co. Cleared For $16.5M Bankruptcy Loan

By Vince Sullivan (June 2, 2021, 6:07 PM EDT) -- Bankrupt oilfield service firm OFS International LLC received permission Wednesday from a Texas court to tap into a portion of a $16.5 million post-petition loan, telling the court that it intended to use the initial draw of funds to purchase pipe stock needed to maintain its operations....

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