As previously reported, on November 14, 2016 the Company entered into a Thirteenth Amendment to Amended and Restated Credit Agreement (the “ABL Facility Amendment”) by and among Wells Fargo Bank, National Association, as agent (the “Agent”), the lenders named therein (the “Lenders”), and the Company, which amended the Company’s Amended and Restated Credit Agreement, dated as of February 3, 2014, by and among the Agent, the Lenders, and the Company (as amended, the “ABL Facility”). Among other things, and upon the satisfaction of certain conditions on or before November 30, 2016, the ABL Facility Amendment provided for a post-effective amendment to extend the date by which the Company is required to fully refinance the ABL Facility from November 30, 2016 to December 16, 2016. The conditions set forth in the ABL Facility Amendment to extend the refinancing date to December 16, 2016 included the preparation of financing documentation designed to facilitate a prepackaged plan of reorganization should the Company and the debtholders with whom the Company is negotiating determine that an in-court restructuring alternative would be in the best interests of the Company.

On November 30, 2016, the Company received confirmation from the Agent that such financing documentation conditions had been satisfied or waived and that, as a result, the date by which the Company is required to fully refinance the ABL Facility has been extended from November 30, 2016 to December 16, 2016. The Company continues to engage in active discussions with certain of its debtholders regarding various strategic alternatives to improve its long-term capital structure and liquidity, including in-court and out-of-court restructuring transactions. The parties have not entered into any definitive agreements regarding a specific restructuring transaction and there can be no assurance that such agreements will be reached.

About Nuverra Environmental Solutions, Inc. (OTCMKTS:NESC)

Nuverra Environmental Solutions, Inc. (Nuverra) provides environmental solutions to customers focused on the development and production of oil and natural gas from shale formations. The Company’s environmental solutions include delivery, collection, treatment, recycling, disposal of water, wastewater, waste fluids, hydrocarbons, and restricted solids that are part of the drilling, completion, and production of shale oil and natural gas. The Company operates through three segments, which include the Northeast division comprising the Marcellus and Utica Shale areas; the Southern division comprising the Haynesville, Eagle Ford and Permian Basin Shale areas, and the Rocky Mountain division comprising the Bakken Shale area. Nuverra operates in select shale areas in the United States, including oil shale areas consisting of the Bakken, Eagle Ford and Permian Shale areas, and natural gas shale areas in Haynesville, Marcellus and Utica.

Nuverra Environmental Solutions, Inc. (OTCMKTS:NESC) Recent Trading Information

Nuverra Environmental Solutions, Inc. (OTCMKTS:NESC) closed its last trading session up +0.021 at 0.240 with 142,659 shares trading hands.