As previously disclosed, on May 1, 2017, Nuverra Environmental Solutions, Inc. (the “Company”) and its subsidiaries (collectively with the Company, the “Nuverra Parties”) filed voluntary petitions under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) to pursue prepackaged plans of reorganization. In connection with the Nuverra Parties’ chapter 11 cases, on May 19, 2017, the United States Trustee for the District of Delaware appointed an official committee of unsecured creditors (the “Committee”) in the chapter 11 cases. On June 22, 2017, the Nuverra Parties entered into a Plan Support Agreement (the “PSA”) with the Committee and holders (the “Supporting Noteholders”) of approximately 86% of the Company’s 12.5%/10.0% Senior Secured Second Lien Notes due 2021 (the “2021 Notes”) as part of a settlement with the Committee to resolve the Committee’s issues, concerns, and objections with respect to certain matters in the Nuverra Parties’ proposed plan of reorganization (the “Plan”).

Pursuant to the PSA, the Committee agreed to, among other things, (i) withdraw its objection to the Plan and support efforts to normalize the Nuverra Parties’ business operations throughout the chapter 11 cases, (ii) support confirmation of the Plan, as amended in connection with the settlement with the Committee (the “Amended Plan”), (iii) not take any action to delay, impede, or interfere with the confirmation of the Amended Plan, and (iv) cooperate with the Nuverra Parties to oppose any objection to the Amended Plan. In addition, the Committee agreed that any payment to the trustee (the “Trustee”) of the Company’s 9.875% Senior Notes due 2018 (the “2018 Notes”) is contingent upon the Trustee (i) withdrawing its objection to the Nuverra Parties’ motion to pay certain prepetition general unsecured claims in the ordinary course of business and (ii) not taking certain actions adverse to the Nuverra Parties’ restructuring efforts.

Pursuant to the PSA, the Nuverra Parties agreed to file the Amended Plan and cooperate, along with the Supporting Noteholders, to reduce the allowed claims in the Affected Classes, other than the 2018 Notes claims. “Affected Classes” means holders of the 2018 Notes claims and certain claims relating to the rejection of executory contracts and unexpired leases. Among other terms and conditions, as part of the settlement with the Committee, the Plan will be amended as follows:

The foregoing description of the PSA is only a summary and does not purport to be a complete description of the terms and conditions under the PSA, and such description is qualified in its entirety by reference to the full text of the PSA, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference into this Item 1.01.