Expro Holdings US Inc.

Case No. 17-60179


Case Background

On December 18, 2017, Expro submitted a “prepackaged” plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Company has established this website to provide information regarding the filing, including information about the processing of claims.

As previously disclosed, Expro has reached an agreement with its key lenders and shareholders to eliminate its entire $1.4 billion of funded debt and $80 million in annual interest payments through an equity conversion, which will fully deleverage Expro’s balance sheet. This important milestone will provide Expro with a stronger and more sustainable capital structure to grow its business, and will be supported by an additional $200 million equity commitment from its new shareholders.

The Court process does not affect in any way the Company's ability to pay suppliers in the normal manner for all goods and services received after the date of the filing, December 18, 2017. In addition, Expro fully expects to be able to pay all suppliers in the ordinary course of business, regardless of when the goods and services were received.

Expro is very pleased to report that the Company has proposed to pay all prepetition amounts in full under its plan. Suppliers should expect to be paid 100% of their claim.

It is important to note that while Expro has filed voluntary petitions with the U.S. Court, this will not result in different treatment between U.S. and non-U.S. customers. Expro will continue to honor existing customer contracts and warranties, and will complete deliveries in full and on schedule. This financial restructuring will not interrupt or change any of the Companys customer commitments.

Important Information & Dates

First Day Hearing

A hearing on the Debtors' First Day Motions was held on December 19, 2017 at 4:00 PM (CT) before the Honorable David R. Jones, United States Bankruptcy Court for the Southern District of Texas, 515 Rusk Street, Courtroom 400, Houston, TX 77002. Please click below to view and download the Debtors' First Day Motions and Orders:

First Day Motions

First Day Orders

Plan and Disclosure Statement

On December 18, 2017, the Debtors filed their Chapter 11 Plan of Reorganization and the Disclosure Statement related thereto. On January 25, 2018, the Bankruptcy Court entered an order approving Plan of Reorganization and the Disclosure Statement related thereto. On February 5, 2018, the Effective Date of the Plan occurred, and the Plan was consummated.

Please click below to view and download the Debtors' Plan and Disclosure Statement:
Plan & Disclosure Statement


Parties

Debtors' Counsel

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP

    1285 Avenue of the Americas
    New York, NY   10091-6064
    https://www.paulweiss.com/
    Phone: 212.373.3256
    Fax: 212.492.0256

    Brian S. Hermann
    Alice Belisle Eaton
    Sarah Harnett
    Alexander Woolverton

  • Jackson Walker L.L.P

    1401 McKinney Street, Suite 1900
    Houston, TX   77010
    https://www.jw.com/
    Phone: 713.752.4200
    Fax: 713.752.4221

    Patricia B. Tomasco

Debtors' Restructuring Advisors

United States Trustee and Court Information

Debtors

Case Number Debtor Name Petition Date
Case Number 17-60179 Debtor Name Expro Holdings US Inc. Petition Date December 18, 2017
Case Number 17-60180 Debtor Name Exploration and Production Services (Holdings) Limited Petition Date December 18, 2017
Case Number 17-60181 Debtor Name Expro (B) Sendirian Berhad Petition Date December 18, 2017
Case Number 17-60182 Debtor Name Expro Americas, LLC Petition Date December 18, 2017
Case Number 17-60183 Debtor Name Expro Benelux Limited Petition Date December 18, 2017
Case Number 17-60184 Debtor Name Expro Do Brasil Servicos LTDA Petition Date December 18, 2017
Case Number 17-60185 Debtor Name Expro Eurasia Limited Petition Date December 18, 2017
Case Number 17-60186 Debtor Name Expro Finservices Sarl Petition Date December 18, 2017
Case Number 17-60188 Debtor Name Expro Group Canada Inc. Petition Date December 18, 2017
Case Number 17-60189 Debtor Name Expro Gulf Limited Petition Date December 18, 2017
Case Number 17-60190 Debtor Name Expro Holdings Australia 1 PTY Limited Petition Date December 18, 2017
Case Number 17-60191 Debtor Name Expro Holdings Australia 2 PTY Limited Petition Date December 18, 2017
Case Number 17-60192 Debtor Name Expro Holdings Norway AS Petition Date December 18, 2017
Case Number 17-60193 Debtor Name Expro Holdings UK 2 Limited Petition Date December 18, 2017
Case Number 17-60194 Debtor Name Expro Holdings UK 3 Limited Petition Date December 18, 2017
Case Number 17-60195 Debtor Name Expro Holdings UK 4 Limited Petition Date December 18, 2017
Case Number 17-60196 Debtor Name Expro International B.V. Petition Date December 18, 2017
Case Number 17-60197 Debtor Name Expro Interational Group Holdings Ltd. Petition Date December 18, 2017
Case Number 17-60198 Debtor Name Expro International Group Limited Petition Date December 18, 2017
Case Number 17-60199 Debtor Name Expro International Limited Petition Date December 18, 2017
Case Number 17-60200 Debtor Name Expro Meters, Inc. Petition Date December 18, 2017
Case Number 17-60201 Debtor Name Expro North Sea Limited Petition Date December 18, 2017
Case Number 17-60202 Debtor Name Expro Norway AS Petition Date December 18, 2017
Case Number 17-60203 Debtor Name Expro Overseas, Inc. Petition Date December 18, 2017
Case Number 17-60204 Debtor Name Expro Overseas Limited Petition Date December 18, 2017
Case Number 17-60205 Debtor Name Expro Resources Limited Petition Date December 18, 2017
Case Number 17-60206 Debtor Name Expro Servicos S. De R.L. De C.V. Petition Date December 18, 2017
Case Number 17-60208 Debtor Name Expro Tool S. De R.L. De C.V. Petition Date December 18, 2017
Case Number 17-60209 Debtor Name Expro Trinidad Limited Petition Date December 18, 2017
Case Number 17-60210 Debtor Name Expro US Finco LLC Petition Date December 18, 2017
Case Number 17-60211 Debtor Name Expro US Holdings, LLC Petition Date December 18, 2017
Case Number 17-60212 Debtor Name Expro Worldwide B.V. Petition Date December 18, 2017
Case Number 17-60213 Debtor Name Exprotech Nigeria Limited Petition Date December 18, 2017
Case Number 17-60214 Debtor Name Petrotech AS Petition Date December 18, 2017
Case Number 17-60216 Debtor Name PT Expro Indonesia Petition Date December 18, 2017
Case Number 17-60187 Debtor Name Expro Group Australia PTY Limited Petition Date December 18, 2017
Case Number 17-60215 Debtor Name Petrotech B.V. Petition Date December 18, 2017