Finance - Restructuring

Analysts: Worst Of Energy Bankruptcies In Rearview Mirror

Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.

2016/08/16

Sabine Emerges From Bankruptcy As Private Company

In conjunction with its emergence from Chapter 11, Sabine closed on its new senior secured credit facility.

Erin Pedigo
2016/08/12

Loss Of Sandpiper Could Help Bring Bakken Into Balance

If Sandpiper Pipeline Project is snuffed, supply-and-demand balance in Bakken could arrive sooner, East Daley analysts say.

2016/08/11

Oilfield Service Sector On Course To Hit $110 Billion Debt Wall

Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.

2016/08/10

Halcón Files For Court Approval Of Prepackaged Restructuring Plan

Vendors, royalty owners and other parties will be paid in ordinary course.

Erin Pedigo
2016/07/28

New York Bankruptcy Judge Will Approve Sabine's Reorganization

The case has been unusually contentious, with Sabine and its lenders squaring off against the official committee of unsecured creditors, led by Aurelius Capital Management, Reuters reported.

Erin Pedigo
2016/07/27

Atlas Resource Partners Enters Restructuring Support Agreement

If the RSA is completed, Atlas Resource Partners’ debt will be reduced by about $900 million, and its interest expense will be reduced by $80 million, per year.

Erin Pedigo
2016/07/25

Lightstream Enters Restructuring Support Agreement

The proposed recapitalization is intended to be implemented through a corporate plan of arrangement under the Canada Business Corporations Act.

Erin Pedigo
2016/07/13

C&J Energy Services Headed To Bankruptcy To Erase $1.4 Billion Debt

The company will swap equity for debt forgiveness, and partners such as Nabors Industries will see a vastly reduced stake in the company.

Darren Barbee
2016/07/12

Commentary: How To Keep A Bankruptcy From Becoming Worse

A tight pre-bankruptcy process is the key to ultimately having a successful reorganization.

2016/06/30

Seventy Seven Energy Files Prepackaged Bankruptcy

"The successful completion of the solicitation process and today's filing represent the next step forward in our financial restructuring," CEO Jerry Winchester said, Reuters said.

Erin Pedigo
2016/06/07

Nigeria's Oando Signs US$475 Million Restructuring Loan

The financing led by Access Bank includes Diamond Bank, Ecobank, FCMB, Fidelity Bank, Stanbic IBTC Bank, UBA, Union Bank and Zenith Bank. The facility is a five-year term loan, Reuters reported.

Erin Pedigo
2016/06/06

Pages