Finance - Debt

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Chesapeake Swaps Debt For Equity For Second Time In May

The company, which has more than $9 billion in debt, said on May 23 it issued or agreed to issue about 37.1 million shares between May 16 and May 23 in exchange for senior notes worth about $166 million.

Emily Moser
Tue, 05/24/2016 - 07:45
Non-free

Vanishing Point? Vanguard Closes Stack Sale; Braces For Hit From Lenders

Despite Vanguard’s loss of the Scoop/Stack acreage and a pared-back borrowing base, the company forecasts it will generate a substantial amount of excess cash flow in 2016.

Emily Moser
Fri, 05/20/2016 - 16:00
Free

Canada's Banks Setting Aside More Funds To Cover Bad Oil Loans

Energy companies across Canada and the U.S. have met with their banks recently to determine how much debt they can continue to hold as part of a biannual process, Reuters said.

Erin Pedigo
Fri, 05/20/2016 - 11:11
Free

Rangeford Resources Increases Revolving Credit Note

Harry McMillan, Cicerone's managing member on behalf of the CE McMillan Family Trust, said on May 19 that the company’s funding commitment to Rangeford would increase based on Thomas E. Lindholm's  appointment as CEO.

Erin Pedigo
Thu, 05/19/2016 - 16:09
Free

Cheniere’s CCH Closes $1.25 Billion Notes Offering

The notes will be secured by a first priority security interest in substantially all of the assets of CCH and its subsidiaries, and by a pledge of all of the equity interests in CCH.

Erin Pedigo
Thu, 05/19/2016 - 15:49
Free

Argent Energy Trust Wraps Up Bankruptcy Sale To BXP Partners

Argent Energy Trust owns, operates and manages oil and gas properties located primarily in South Texas' Eagle Ford Shale and Wyoming's Powder River Basin.

Emily Moser
Wed, 05/18/2016 - 07:35
Free

Greenfields Extends 2013 Loan Agreement's Maturity Date

This extension will give Greenfields Petroleum International Co. Ltd. time to complete the acquisition of the balance of the Bahar Energy Ltd. shares that Greenfields does not currently own.

Erin Pedigo
Tue, 05/17/2016 - 16:28
Free

PDC Energy's Borrowing Base Reaffirmed At $700 Million

The company also settled its 3.25% convertible senior notes due 2016, paying the principal balance plus cash for fractional shares totaling about $115 million, , utilizing proceeds from its March equity offering.  PDC also issued 792,406 common shares.

Erin Pedigo
Mon, 05/16/2016 - 17:21
Free

SandRidge, Breitburn File For Bankruptcy Protection

A plunge in global crude prices has now pushed at least 28 publicly traded North American oil and gas producers to seek bankruptcy protection since early 2015, according to a Reuters review of regulatory filings.

Emily Moser
Mon, 05/16/2016 - 07:40
Free

Crestwood Midstream Partners Opens Cash Tender Offers

Morgan Stanley & Co. LLC is the lead dealer manager and SunTrust Robinson Humphrey Inc. is the co-dealer manager. D.F. King & Co. Inc. is the tender agent and the information agent.

Erin Pedigo
Fri, 05/13/2016 - 15:22
Non-free

Debt Claims Another: Penn Virginia Files For Chapter 11 Bankruptcy

The 134-year-old Radnor, Pa.-based company is following in the footsteps of several other E&Ps, including the Linn Energy family of companies which filed for bankruptcy protection only a day earlier.

Emily Moser
Fri, 05/13/2016 - 10:00
Free

Exco Resources Forms Committee To Evaluate Strategic Alternatives

The special committee will evaluate options such as divestitures and restructuring of its gathering, transportation and certain other contracts, the company said.

Emily Moser
Fri, 05/13/2016 - 07:45

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