Finance - Restructuring

Free

Exco Provides Updates Regarding Liquidity, Ongoing Restructuring Program

Under Phase 1 of the program, announced 13 months ago, Exco reduced net debt by 28%, to $1.1 billion as of March 2016. In September 2015, net debt was $1.5 billion.

Erin Pedigo
Tue, 05/24/2016 - 10:00
Free

Halcon Resources Will Restructure Through Chapter 11 Filing

The company's restructuring plan will also eliminate about $222 million of preferred equity, and reduce the company's annual interest payments by more than $200 million.

Erin Pedigo
Wed, 05/18/2016 - 16:25
Free

Connacher Files For Creditor Protection In Canada

Connacher said some of its existing lenders will provide up to CA$20 million in interim financing, and obligations will continue being met as it goes through the CCAA process, Reuters reported. 

Erin Pedigo
Mon, 05/16/2016 - 16:05
Non-free

Lessons Learned

Debt and restructuring experts at IPAA’s Managing Debt In Troubled Times conference discussed insights gained from past downturns and how to apply them to the present.

Erin Pedigo
Fri, 05/13/2016 - 16:40
Free

Seventy Seven Energy Enters Updated Restructuring Support Agreement

The second support agreement supersedes the previously amended and restated agreement dated May 3.

Erin Pedigo
Fri, 05/13/2016 - 15:51
Free

Pacific Exploration Seeks Creditor Protection In Canada

Pacific Exploration also plans file for protection under Chapter 15 of U.S. Bankruptcy Code, which grants foreign companies protection from creditors looking to seize assets in the country, Reuters reported.

Erin Pedigo
Wed, 04/27/2016 - 12:11
Free

Blackhill Partners Completes RAAM Global Energy Restructuring

Blackhill guided a sale process and managed the transfer of RAAM's onshore and offshore assets to the senior secured lender. Jim Latimer was chief restructuring officer.

Erin Pedigo
Tue, 04/26/2016 - 15:54
Free

Lawrence Becomes Special Liaison To Stone Energy’s Independent Directors

The independent directors appointed

David T. Lawrence

to his role.

 Andrews Kurth LLP was hired as special counsel to the independent directors.

Erin Pedigo
Wed, 04/20/2016 - 11:16
Free

Seventy Seven Energy Enters Restructuring Support Agreement

Baker Botts LLP is Seventy Seven’s legal counsel and Lazard Freres & Co. LLC is its financial adviser. Alvarez & Marsal is Seventy Seven’s restructuring adviser.

Erin Pedigo
Tue, 04/19/2016 - 14:41
Free

US Shale Asset Operator Linc Energy Enters Financial Administration

PPB Advisory said it is working with Linc's management to review operations and assets in Australia and the U.S., adding Linc will continue with business as usual during review, Reuters reported.

Erin Pedigo
Fri, 04/15/2016 - 10:12
Free

Sinopec Uses Government Firms In Restructuring Of E&P Unit

Both of Sinopec's new partners are investment platforms under State-owned Assets Supervision and Administration Commission of the State Council, Reuters said. Most of SIPC's assets are not under Sinopec Corp.

Erin Pedigo
Fri, 04/15/2016 - 10:01
Free

Saratoga Resources Files Motion To Sell Majority Of Assets

Copies of the 363 motion and the associated bid procedures are on file and available for review at the office of the Clerk of Court, United States Bankruptcy Court, Western District of Louisiana – Lafayette Division.

Erin Pedigo
Tue, 04/12/2016 - 09:57

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