Finance - Debt

Chaparral Exits Bankruptcy With $100 Million In Liquidity

The  Oklahoma City-based company's emergence from bankruptcy 'marks a new and prosperous time in Chaparral's storied history,' said K. Earl Reynolds, Chaparral CEO.


Analysts: MLPs Offer ‘Good Entry Point’

Analysts at Capital Link forum consider midstream ‘safer’ sector for investors.


Analyst: Don’t Bet Against Oil Price Volatility In 2017

Speculative traders trying to gauge OPEC’s commitment to production cuts could leave the markets bruised.


Without Delays, DAPL Financial Deals Fall Into Place

ETP, MPLX and Enbridge complete transactions on the Bakken Pipeline System.


EnerJex Resources Reaches Deal To Clear Debt

EnerJex also named Louis G. Schott as interim CEO following the resignation of Robert G. Watson Jr., who is leaving the company to pursue other business opportunities.


Samson Resources Moves Toward Chapter 11 Emergence

In September 2016, Samson filed for Chapter 11 to reduce debt and create a capital structure that will pave the way for a 'successful future.'


SandRidge Energy Enters New $600 Million Credit Facility

The refinancing, which amended the terms of the prior facility and increased the commitment from $425 million, also provided a $50 million increase in available cash, eliminated certain negative covenants and provided a maturity date of March 31, 2020.


Summit Midstream Holdings Will Offer $500 Million Of Senior Notes

BofA Merrill Lynch, Deutsche Bank Securities, RBC Capital Markets, TD Securities and Wells Fargo Securities are joint book-running managers. 


InterOil Secures US$470 Million Credit Facility

The company said that if the interim resource certification payment is received before the proposed transaction with ExxonMobil Corp. (NYSE: XOM) closes, the payment will be used to repay outstanding amounts under the facility.


US Well Services Completes Recapitalization, Appoints CEO And COO

The company, which provides high-pressure fracking services in the Marcellus and Utica shales, also appointed Joel Broussard as CEO and Nathan Houston as COO.


Vanguard Natural Resources Files For Chapter 11 Bankruptcy

A debtor-in-possession financing combined with Vanguard's cash from operations is expected to give the Houston-based company sufficient liquidity during the Chapter 11 process.


Nabors Prices $500 Million Private Placement Of Notes

The net proceeds will be used to prepay the remaining balance of NII's unsecured term loan, which matures in 2020, and to pay the cost of the capped call transaction. Any  remainder will support general corporate purposes.