Finance - Debt


Oasis Redetermines Borrowing Base

The borrowing base facility is supported by 18 financial institutions.

It stands at $1.7 million after the semiannual redetermination. The next redetermination is scheduled for Oct. 1.

Mon, 04/20/2015 - 10:42

Petrobras CEO Faces Regulatory, Financial Hurdles

Petrobras’ new CEO is close to getting auditors to approve financial results. But cash must be generated to pay oil’s largest debt load, while also developing offshore fields, Bloomberg said. 

Fri, 04/17/2015 - 15:42

Shell Hires Barclays For Loan In BG Purchase

Royal Dutch Shell Plc hired Barclays Plc to arrange a 10 billion pound (US$15 billion) short-term bridge loan for the purchase of BG Group Plc, people told Bloomberg. 

Fri, 04/17/2015 - 11:38

GreenHunter Resources Enters Term Loan Agreement

Proceeds will support general corporate purposes, development of two new barge terminals at New Matamoras and Mills Hunter facilities, four new Mills Hunter saltwater disposal wells and new 407 trucks. 

Wed, 04/15/2015 - 14:15

Carrizo Offers Senior Notes

Net proceeds from the note offering, and some net proceeds from an offering of about 5.2 million common shares closed March 20, will finance redemption of 8.625% notes due 2018. 

Tue, 04/14/2015 - 08:29

New Source Energy Partners Postpones Credit Facility Redetermination

New Source, and lenders including Bank of Montreal, agreed to postpone the April 1 redetermination to May 1. 

The borrowing base was decreased to $84 million from $90 million.

Mon, 04/13/2015 - 12:18

Murray Energy Will Alter Foresight Takeover Deal

Murray Energy Corp. will acquire 34% of Foresight Energy LP parent unit voting rights during $1.37 billion takeover, Bloomberg said.  Without voting control, Murray won’t buy $600 million Foresight bonds.

Fri, 04/10/2015 - 13:40

Creditors Seek To Take Over Connacher Oil & Gas

Barry Kupferberg’s Trilogy Capital Management hedge fund is one of many creditors seeking to take over financially struggling Connacher Oil & Gas Ltd., Bloomberg said.

Fri, 04/10/2015 - 08:44

Eagle Rock Reduces Borrowing Base

Eagle Rock had about $180 million in total liquidity, comprised of about $108 million under its credit facility and about 3.1 million Regency units valued at $72 million.

Wed, 04/08/2015 - 16:08

Connacher’s Out-Of-Court Restructuring Bid Denied

Connacher Oil & Gas Ltd.’s bid to restructure out of court in Canada was rejected after Credit Suisse sued in New York state court, citing Connacher’s loan default, Bloomberg said. 

Tue, 04/07/2015 - 10:20

Matador And Endeavor Sell Bonds

Endeavor sold $300 million of eight-year senior unsecured debt to refinance its asset-based line of credit, according data compiled by Bloomberg. Energy companies are trying to shore up their finances.

Tue, 04/07/2015 - 08:36

Mid-Con Energy Partners Decreases Borrowing Base

Royal Bank of Canada is administrative agent. Participant lenders include Bank of Nova Scotia, BOKF NA, Comerica Bank, Wells Fargo Bank NA, Frost Bank and MUFG Union Bank.

Thu, 04/02/2015 - 16:16