After a quick trip through chapter 11, Expro International, an offshore-focused oil-and-gas services company, won final approval of a plan that hands control of the business to lenders owed more than $1 billion, WSJ Pro Bankruptcy reported. Following a hearing yesterday at the U.S. Bankruptcy Court in Houston, Judge David Jones readily signed off on the plan and praised the executives and other professional who worked out the details of the debt-cutting deal. Before filing for bankruptcy, Expro reached an agreement with about 65 percent of key lenders that wipes out some $1.4 billion in obligations through a debt-for-equity swap. The deal frees Expro from about $80 million in annual interest payments, court papers show. Under the plan, junior lenders and the company’s current owners will take home warrants to purchase small stakes in the reorganized business. The company’s general unsecured creditors will be paid in full.