Nuverra Environmental Solutions, Inc. - 10-K filing on 2014-03-10

Subsequent Events	12 Months Ended
Dec. 31, 2013
Subsequent Events	(23) Subsequent Events As more fully described in Note 10, in February 2014, the Company entered into a new asset-backed revolving credit facility to replace its existing revolving credit facility. As more fully described in Note 16, in March 2014, the Company reached an agreement in principle to settle the 2010 Class Action litigation. In March 2014, the Company entered into a Stock Purchase Agreement with respect to the sale of 100% of the common stock of its wholly-owned subsidiary Thermo Fluids Inc. to VeroLube, Inc. (“VeroLube”) in exchange for $165.0 million in cash and $10.0 million in VeroLube stock. Closing of the transaction is subject to customary closing conditions, including regulatory approvals, confirmatory environmental due diligence and a buyer financing contingency. Subject to the satisfaction of closing conditions, the sale is expected to close in the second quarter of 2014.

Subsequent Events

12 Months Ended

Dec. 31, 2013

(23) Subsequent Events

As more fully described in Note 10, in February 2014, the Company entered into a new asset-backed revolving credit facility to replace its existing revolving credit facility.

As more fully described in Note 16, in March 2014, the Company reached an agreement in principle to settle the 2010 Class Action litigation.

In March 2014, the Company entered into a Stock Purchase Agreement with respect to the sale of 100% of the common stock of its wholly-owned subsidiary Thermo Fluids Inc. to VeroLube, Inc. (“VeroLube”) in exchange for $165.0 million in cash and $10.0 million in VeroLube stock. Closing of the transaction is subject to customary closing conditions, including regulatory approvals, confirmatory environmental due diligence and a buyer financing contingency. Subject to the satisfaction of closing conditions, the sale is expected to close in the second quarter of 2014.