Finance - Debt

Non-free

Restructuring? Pick Your Poison

Corporate restructuring is a reality of today’s oil and gas landscape. As balance sheet and liquidity problems hit home, some companies have to consider drastic strategies.

Darren Barbee
Tue, 04/26/2016 - 11:45
Free

WPX Opens Buyback For 2017 Senior Notes

The tender offer will expire April 29. Citigroup Global Markets Inc. is the dealer manager, and the information agent and tender agent is Global Bondholder Services Corp.

Erin Pedigo
Mon, 04/25/2016 - 09:42
Free

Templar Energy Makes Second-lien Term Loan Interest Payments

Templar Energy LLC made about $11.8 million in interest payments on a tranche of outstanding $1.45 billion second-lien term loan due Nov. 25, 2020. Payments were originally due March 21.

Erin Pedigo
Mon, 04/25/2016 - 09:17
Free

Anadarko Increases Amount Of Notes In Buyback To $1.25 Billion

Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are dealer managers, and the information agent and tender agent is D.F. King & Co. Inc.

Erin Pedigo
Fri, 04/22/2016 - 12:09
Free

Denbury Resources' Borrowing Base Cut By 30%

Denbury said the amendment to its credit facility increased the mortgaged property collateral requirement to 90% from 85% of its proved reserves, Reuters said.

Erin Pedigo
Wed, 04/20/2016 - 10:45
Free

Lucas Energy Amends Line Of Credit

Target Alliance London Ltd. was given warrants to purchase 51,562 common shares at $3.25 each for each $250,000 loaned. Conversion and registration rights were also amended, Lucas said.

Erin Pedigo
Fri, 04/15/2016 - 15:50
Free

Linn Energy Skips Interest Payments On New Notes

Linn said it paid off interest payments of about $60 million that were deferred on March 15, when the company said that bankruptcy might be unavoidable after substantial doubt about its ability to continue as a going concern. 

Erin Pedigo
Fri, 04/15/2016 - 12:30
Free

Chesapeake's $4 Billion Borrowing Base Keeps It Afloat Amid Bankruptcy Fears

Fellow E&P Energy XXI filed for bankruptcy on April 14, and Chesapeake had spent weeks fending off speculation that it was on its way to a similar fate, Reuters said.

Erin Pedigo
Fri, 04/15/2016 - 10:30
Free

Columbia Pipeline Begins Exchange Offer For Notes

Unregistered 2.45% notes due 2018, 3.30% notes due 2020, 4.50% notes due 2025 and 5.80% notes due 2045 will be exchanged for the same amount of registered notes.

Erin Pedigo
Thu, 04/14/2016 - 16:37
Free

Rice Energy Ponies Up $200 Million In Marcellus ‘Stalking Horse’ Deal

Rice wants to purchase Marcellus and Utica acreage but will have several legal challenges and may have to continue to bid on the assets held by bankrupt Alpha Natural Resources.

Emily Moser
Thu, 04/14/2016 - 12:48
Free

Providence Resources Talks With Creditor Regarding Transocean Payment

Providence said in a statement that it was "in active discussions with its financial advisers and current debt provider with the objective of ensuring that the company has the appropriate financial resources to satisfy its obligations to Transocean." 

Erin Pedigo
Thu, 04/14/2016 - 10:41
Free

Stone Energy Reports 1Q 2016 Operations, Lowers Borrowing Base

Regarding finances, Stone was notified on April 13 that the borrowing base under its bank credit agreement was reduced to $300 million from $500 million. 

Erin Pedigo
Thu, 04/14/2016 - 10:23

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