Wilks Brothers, LLC and Equify Financial LLC entered into an agreement to acquire CARBO Ceramics Inc. on March 29, 2020. As per the transaction, Wilks Brothers will acquire CARBO Ceramics through a debt-for-equity exchange. Wilks Brothers have committed to providing $15 million in debtor-in-possession financing and consented to the use of its cash collateral to bolster CARBO's financial position and finance its operations through the process. Perella Weinberg Partners L.P. FTI Consulting, Inc. acted as financial advisors and Paul Heath, David Meyer, Mike Telle, Matt Moran, Guy Gribov, Wendy Salinas, David Peck, David D’Alessandro, Sean Becker, Tom Wilson, Christie Alcalá, and Regina Ibarra of Vinson & Elkins L.L.P. acted as legal advisors to CARBO Ceramics.