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Lone Pine Resources Ends Financial Restructuring

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January 31, 2014

Lone Pine Resources Inc. completed its financial restructuring and is no longer under creditor protection under the Companies' Creditors Arrangement Act and Chapter 15 of the U.S. Bankruptcy Code, the company said Jan. 31.

As a result of the previously announced restructuring, Lone Pine whittled long term debt to CA $90 million, down from CA $395 million as of Sept. 25, 2013, the company said.

Due to the restructuring, Lone Pine no longer is a reporting issuer in Canada, the company said, adding that it filed Form 15 with the ...

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