Finance - Restructuring

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Samson Resources' Lenders Target Restructuring For $4.15 Billion Debt

Samson Resources Corp.’s lenders target restructuring deal for $4.15 billion debt. A $110 million interest payment on bonds is due Aug. 15, people with knowledge of private matter told Bloomberg.

Tue, 07/21/2015 - 11:20
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Saratoga Files For Chapter 11 Bankruptcy Protection

Chairman and CEO Thomas F. Cooke said the company hopes the Chapter 11 filing will “avert adverse action by Harvest Operating” which holds a $3.7 million arbitration award against Saratoga.

Fri, 06/19/2015 - 12:09
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Hercules Gets Creditor Majority To Support Bankruptcy Plan

The restructuring support agreement requires Houston-based Hercules to file for bankruptcy by July 8.

Thu, 06/18/2015 - 09:45
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Cerberus Leads Lenders For Samson Resources Restructuring

Cerberus Capital Management LP leads lenders seeking control of KKR & Co.-owned Samson Resources Co. in a restructuring, Bloomberg was told by two people with knowledge of private matter. 

Wed, 06/10/2015 - 11:02
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Canadian Court Allows Connacher To Lower Interest Payments

Connacher doesn’t have to immediately pay US$128 million loan. Small oil sands developers including Connacher fight for survival with crude trading at just over half its value from June. 

Fri, 04/24/2015 - 16:18
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Meet The Companies That Have Dealt Themselves In On 2015 A&D

After Shell’s $70 billion deal, ExxonMobil and Chevron are in the hunt with several large U.S. E&Ps. But in the Permian Basin, the bid-ask spread remains too wide for deals.

Darren Barbee
Mon, 04/13/2015 - 15:38
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Even More Global: Shell Megamerger Offers Big Premium For BG Group

Shell, already one of the world’s largest oil and gas companies, would strengthen its LNG portfolio and gain access to premier offshore Brazil deepwater oil in a mega-merger.

Darren Barbee
Wed, 04/08/2015 - 14:05
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Connacher’s Out-Of-Court Restructuring Bid Denied

Connacher Oil & Gas Ltd.’s bid to restructure out of court in Canada was rejected after Credit Suisse sued in New York state court, citing Connacher’s loan default, Bloomberg said. 

Tue, 04/07/2015 - 10:20
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Matador And Endeavor Sell Bonds

Endeavor sold $300 million of eight-year senior unsecured debt to refinance its asset-based line of credit, according data compiled by Bloomberg. Energy companies are trying to shore up their finances.

Tue, 04/07/2015 - 08:36
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Harvest Considers Restructuring After Venezuela Sale Fails

Houston-based Harvest has tried twice to sell its Venezuelan assets. The company holds a 20% stake in Petrodelta, a joint venture with state-owned Petroleos de Venezuela SA, Reuters said.

Mon, 03/30/2015 - 14:50
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Quicksilver, Unable To Sell Assets, Files For Bankruptcy Protection

With acreage the Barnett Shale, Delaware Basin and Horn River Basin, the company wants to reorganize and is continuing to pay vendors, maintain payroll.

Darren Barbee
Thu, 03/19/2015 - 10:03
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Quicksilver Resources Seeks Bankruptcy Protection

Operations in the U.S. and Canada will not be interrupted due to the filings, and motions were filed with the court to ensure their continuation.

Tue, 03/17/2015 - 17:04

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