Restructuring Information

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Customer Information - 8/9/2017 -

Dear Valued Customer:

Today, Knight Oil Tools and its subsidiaries have entered into an Agreement to substantially reduce our debt to strengthen Knight’s financial condition and position the Company for long-term growth and success. Knight is not going out of business or doing anything else that would reduce the likelihood of the Company’s future success.

We expect to continue uninterrupted operations, provide superior service to our customers and continue business as usual.

Looking ahead, here is what you need to know:

  • Knight is open for business and we remain focused on executing on our strategic priorities. We are committed to maintaining safe and efficient operations during this restructuring process.
  • Our projects and operations are on track. We are committed to serving our customers and to doing everything we normally do to meet and exceed your expectations.
  • We intend to meet our business obligations going forward.
  • We intend to move through this restructuring process as quickly as possible.

We greatly appreciate your business, and look forward to continuing our partnership well into the future.

Should you require additional information, please direct all correspondence to Restructuring@knightoiltools.com.

Sincerely,

 

Knight Management Team


 

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