Finance - Debt

Jefferies Markets PDVSA Trade Receivable Notes

"This is the first time I have seen someone trying to sell [this kind of paper]," one market strategist told IFR.

Erin Pedigo

SEC: Enbridge Files $7 Billion Mixed Shelf Offering

Enbridge is expanding its North American pipeline network, which carries the bulk of Canadian crude oil exports to the U.S., Reuters reported.

Erin Pedigo

Devon Upsizes Maximum Tender Offers In Notes Buyback

The tenders will be funded through the net proceeds from previously completed asset sales and financing transactions, and will reduce outstanding debt.

Erin Pedigo

Canada's Pacific Exploration Says Creditors Approve Restructuring Plan

The Canadian oil producer said it expects to implement and complete the restructuring transaction late in the third quarter or early in the fourth quarter of 2016.

Emily Moser

Analysts: Worst Of Energy Bankruptcies In Rearview Mirror

Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.


Tallgrass Energy Partners Offers $400 Million Of Notes

Tallgrass Energy Partners LP and subsidiary Tallgrass Energy Finance Corp. will offer $400 million in senior unsecured notes due 2024 in a private placement the company said Aug. 16.

Erin Pedigo

Chesapeake Arranges $1 Billion Five-Year Term Loan

The loan will be from one or more commercial banks, and will be secured by the same collateral securing the revolving credit facility.

Erin Pedigo

Oilfield Service Sector On Course To Hit $110 Billion Debt Wall

Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.


California Resources Prices New $1 Billion Term Loan

The company said midstream and power assets would likely be pledged to support the existing and new facilities as well as the second-lien notes.

Erin Pedigo

Investors In Junk-rated Energy Bonds Pare Holdings

About 50% of the weight of this index is in double-B bonds, the highest-rated of junk debt, Reuters said.

Erin Pedigo

E&Ps Keep Close Watch On Spending, But For How Long?

Investors are concerned that producers will be unable to keep savings they say are tied to efficiency improvements as service companies begin to assert themselves after two years of discounts.

Darren Barbee

C&J Energy Services Headed To Bankruptcy To Erase $1.4 Billion Debt

The company will swap equity for debt forgiveness, and partners such as Nabors Industries will see a vastly reduced stake in the company.

Darren Barbee