Nuverra Environmental Solutions announced it has acquired Clearwater Solutions, a leading operator of saltwater disposal wells in the Marcellus and Utica Shale areas, for $41.9M, subject to customary purchase price adjustments. This purchase more than doubles Nuverra's SWD capacity in the region and will add value for each of its customers with more strategically located disposal capacity. Clearwater's disposal wells at the Clearwater Three and Clearwater Five locations offer several offloading lanes and disposal capacity of 17,500 barrels per day. Its locations are in Guernsey County, Ohio, which is in the heart of the regional oil and gas activity. In connection with this transaction, Nuverra's two largest shareholders have provided financing of $32.5M in the form of a bridge loan that will be repaid with proceeds from a planned offering to shareholders of common stock purchase rights. The rights offering will be made available to all shareholders on a pro rata basis and bridge loan lenders have committed to purchase the shares underlying any rights that are not exercised by other holders. In addition, the Company amended its first lien term loan to extend its maturity and received an additional $10M of term loan proceeds that funded a portion of the Clearwater purchase price and made various other modifications to give the Company additional flexibility.