Finance - Restructuring

Lucas Energy Restructures Loan

The restructuring will "bolster liquidity," said Anthony C. Schnur, CEO.

May 2, 2014

Lone Pine Resources Ends Financial Restructuring

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

January 31, 2014

Name Change, Stock Symbol Mark Breitling Energy Corp.’s Formation

The name change and receipt of the stock symbol end the Dec. 9, 2013 asset purchase agreement between Bering Exploration and Breitling Oil and Gas Corp., the company said.

January 22, 2014

Bank Of America Resigns Trusteeship Of Permian Basin Royalty Trust

The Bank nominated Forth Worth-based Southwest Bank as successor

January 9, 2014

Endeavour International Corp. To Refinance Revolving Credit, Reimbursement

Company is in talks with lenders

January 7, 2014

Dakota Plains Announces Debt Restructuring

Dakota Plains plans to decrease its total promissory notes outstanding from $26.6 million to $7.7 million.

December 11, 2013

Alexander Energy Enters Recapitalizaiton Financing

The recapitalization provides for a non-brokered private placement, the appointment of a new management team and board of directors, and a rights offering to current holders.

December 6, 2013

Big Sky Restructures Capital, Management

Milton Cox has tendered his resignation as both the CEO and director; Sam Nastat has been appointed as the CEO and president.

December 4, 2013

Energy Transfer Completes Debt Refinancings

The refinancings are expected to reduce the company's current annual interest expense by over $16 million.

December 4, 2013

Saratoga Refinances $27.3 Million Existing Notes

Net proceeds will be used for general corporate purposes, including working capital and capital expenditures.

November 25, 2013

Lone Pine Updates Restructuring Proceedings

Lone Pine intends to cancel outstanding shares of its common stock, convert senior notes, and launch a new preferred share offering.

November 13, 2013

Sundance Energy Completes Share Consolidation

The corporation also intends to complete a non-brokered private placement offering of 10% secured subordinated convertible debentures.

September 26, 2013