Finance - Debt

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Helix Energy Solutions Reduces Credit Facility

The credit facility’s revolver commitment was reduced to $400 million, down from $600 million, to save $1 million in commitment fees annually.

Erin Pedigo
Thu, 02/11/2016 - 11:57
Free

Devon Hires Jefferies As Banker In Sale Of Noncore Assets

"We are moving ahead with the divestiture program and have already received numerous indications of interest," Howard Thill, Devon's senior vice president for communications and investor relations told Reuters.

Erin Pedigo
Wed, 02/10/2016 - 10:43
Free

Warren Resources May File For Bankruptcy If Debt Talks Fail

The company has a 30-day grace period for negotiations with noteholders, since deferring interest payment on Feb. 1.

Emily Moser
Tue, 02/09/2016 - 07:45
Free

Vanguard Natural Resources Reports Results Of Note Exchange Offer

The exchange offer’s fulfillment is conditional on entry into a security agreement and intercreditor agreement under which the new notes will be secured by a second-priority lien. 

Erin Pedigo
Mon, 02/08/2016 - 15:50
Free

Ascent Resources – Utica Reports Early Results Of Note Exchange Offer

Offer’s fulfillment is conditional on valid tenders and accession of all participating noteholders to ARU’s junior secured term credit agreement, and entry into a subscription agreement regarding the new notes.

Erin Pedigo
Mon, 02/08/2016 - 09:47
Free

Linn Energy Considers Strategic Options After Exhausting Credit Facility

Linn Energy retained Lazard as its financial adviser and Kirkland & Ellis LLP as legal adviser. Baker Botts LLP will provide ongoing corporate and finance representation, Reuters said.

Erin Pedigo
Thu, 02/04/2016 - 17:33
Free

Rex Energy Corp. Opens Exchange Offer For Senior Notes

The offer is scheduled to expire on March 3. The early tender deadline is Feb. 17. The settlement date is scheduled for March 3.

Erin Pedigo
Thu, 02/04/2016 - 14:52
Free

Comstock Closes Exchange Offer Of Notes

Combined with open market debt repurchasing, Comstock has reduced long-term debt by $169.5 million since April 2015, saving a total of $15 million in annual interest. 

Erin Pedigo
Thu, 02/04/2016 - 14:45
Free

Kelly Appointed To Synergy Resources’s Board Of Directors

Lynn Peterson, CEO and chairman, said a $90 million equity commitment was completed, and that between cash and undrawn revolver there is more than $200 million in liquidity with no debt.

Erin Pedigo
Tue, 02/02/2016 - 10:57
Free

Greenfields Petroleum Extends Loan Agreement’s Maturity Date

Greenfields said that after it implements a refinancing and restructuring program, it will return to growing the value of the Bahar project in Azerbaijan.

Erin Pedigo
Mon, 02/01/2016 - 16:53
Free

Warren Resources Defers $7.5 Million Interest Payment

The company, which has hired Jefferies LLC to help with a potential restructuring, said it had sufficient liquidity to make the interest payment in full.

Emily Moser
Mon, 02/01/2016 - 07:52
Non-free

Feds OK Acquisition Of WPX’s San Juan Basin Gathering System

At closing, expected in the first quarter of 2016, the gathering system will consist of more than 220 miles of oil, gas and water gathering lines installed in conjunction with WPX’s drilling in the Gallup oil play.

Emily Moser
Fri, 01/29/2016 - 11:24

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