# Wilks Brothers to acquire Carbo Ceramics through debt-for-equity swap

Wilks Brothers will acquire Carbo Ceramics via a debt-for-equity exchange, with Carbo Ceramics filing for Chapter 11 bankruptcy to facilitate the deal, and Wilks Brothers providing $15 million in debtor-in-possession financing.

- Type: Acquisition
- Announced: 2020-03-30
- Where: United States
- Status: announced
- Products: ceramic proppants for oil and gas
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [CARBO Ceramics](https://endata.com/companies/39691.md) (target)
- [Wilks Brothers](https://endata.com/companies/46191.md) (acquirer)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/bankruptcy-law/carbo-ceramics-says-wilks-brothers-to-buy-business), 2020-03-30: "Wilks Brothers will acquire Carbo Ceramics through a debt-for-equity exchange."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.