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BRIEF-Forbes receives confirmation of plan of reorganization
March 31, 2017 / 11:48 AM / 6 months ago

BRIEF-Forbes receives confirmation of plan of reorganization

March 31 (Reuters) - Forbes Energy Services Ltd:

* Forbes receives confirmation of plan of reorganization company set to emerge in April

* Forbes Energy Services Ltd - debtors, which filed for chapter 11 on January 23, 2017, anticipate that plan will become effective in mid-april 2017

* Forbes Energy Services Ltd - debtors will achieve a net reduction in their debt by approximately $230 million

* Forbes Energy Services - through restructuring process and upon emergence, debtors will achieve a net reduction in their debt by approximately $230 million Source text for Eikon: Further company coverage:

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