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Vista Proppants details plan of reorganization voting results
By Sarah Lizee
Olympia, Wash., Oct. 2 – Vista Proppants and Logistics, LLC filed the voting results for its plan of reorganization, according to a ballot report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.
All holders of term loan secured claims, general unsecured VPROP Operating, LLC claims, general unsecured Denetz Logistics, LLC claims and general unsecured Lonestar Prospects Management, LLC claims voted to accept the plan.
A total of 26 holders, or 59.09% in number, of $220,370,645.67, or 99.78% in amount, of general unsecured Vista Proppants and Logistics, LLC claims voted to accept the plan, while 18 holders, or 40.91% in number, of $477,070.90, or 0.22% in amount, voted to reject it.
A total of 21 holders, or 84% in number, of $219,614,671.42, or 99.98% in amount, of general unsecured MAALT Specialized Bulk, LLC claims voted to accept the plan, while 4 holders, or 16% in number, of $51,801.74, or 0.02% in amount, voted to reject it.
A total of 50 holders, or 76.92% in number, of $254,267,905.70, or 99.37% in amount, of general unsecured Lonestar Prospects, Ltd. claims voted to accept the plan, while 15 holders, or 23.08% in number, of $219,921.04, or 0.63% in amount, voted to reject it.
A total of 27 holders, or 84.38% in number, of $226,090,820.92, or 100% in amount, of general unsecured MAALT, LP claims voted to accept the plan, while 5 holders, or 15.63% in number, of $4,956.53, or 0% in amount, voted to reject it.
Vista Proppants and Logistics is a Fort Worth-based pure-play, in-basin provider of frac sand solutions in prolific producing regions in Texas and Oklahoma. The company filed bankruptcy on June 9 under Chapter 11 case number 20-42002.
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