Finance - Debt

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A $1.35 Billion Loan Will Finance KKR's Purchase Of Pemex Assets

Under the agreement, Pemex sells 11 pipelines, one set of subsea cables, two non-drilling platforms and one gas compression facility to KKR while still operating and maintaining them, Reuters said.

Erin Pedigo
Fri, 02/12/2016 - 15:13
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Cenovus Considers Selling CA$5 Billion Of Securities

In a mixed-shelf offering, securities can be sold in one or more separate offerings without a prospectus filed for each one, but it is not guaranteed whether they will sell, Reuters said.

Erin Pedigo
Fri, 02/12/2016 - 11:34
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Paragon Offshore Plans To File For Bankruptcy

Paragon decided not to make a $15.4 million bond interest payment due Jan. 15, triggering a 30-day grace period before default.

Fri, 02/12/2016 - 08:40
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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
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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
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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
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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
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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
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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
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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
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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
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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

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