C&J Energy reaches forbearance agreement, continues discussions with lenders – HBJ

C&J Energy Services Ltd. (NYSE: CJES) announced on June 1 that it has reached a month-long forbearance agreement to avoid default while it continues discussions with lenders regarding the company’s debt and capital structure.Lenders agreed not to exercise default remedies or accelerate any indebtedness through June 30.

Source: C&J Energy reaches forbearance agreement, continues discussions with lenders – Houston Business Journal

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