Print Page  Close Window

SEC Filings

8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 11/09/2017
Entire Document
 


 
http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=11881317&doc=3
 
November 8, 2017

 
 
 


and $1.5 million in severance. Excluding these items and International G&A of $1.1 million in third quarter and $0.9 million in the second quarter, G&A expense in the third quarter was $21.0 million as compared to $24.2 million in the second quarter.
Liquidity
As of September 30, 2017, Key had total liquidity of $104.2 million, consisting of $77.7 million in unrestricted cash and $26.5 million of borrowing capacity available under the Company’s $100.0 million asset-based loan facility. This compares to total liquidity of $120.4 million at June 30, 2017, consisting of $94.7 million in unrestricted cash and $25.7 million of borrowing capacity available under the Company’s $100.0 million asset-based loan facility. Capital expenditures for the third quarter of 2017 were $2.4 million and the Company also paid approximately $5 million in legal fees and settlements in the third quarter of 2017.
Conference Call Information
As previously announced, Key management will host a conference call to discuss its third quarter 2017 financial results on Thursday, November 9, 2017 at 10:00 a.m. CST. Callers from the United States and Canada should dial 888-794-4637 to access the call. International callers should dial 352-204-8973. All callers should ask for the "Key Energy Services Conference Call" or provide the access code 8686568. The conference call will also be available live via the internet. To access the webcast, go to www.keyenergy.com and select "Investor Relations."
A telephonic replay of the conference call will be available on Thursday, November 9, 2017, beginning approximately two hours after the completion of the conference call and will remain available for two weeks. To access the replay, call 855-859-2056 or 800-585-8367. The access code for the replay is 8686568. The replay will also be accessible at www.keyenergy.com under "Investor Relations" for a period of at least 90 days.


4