BreitBurn Energy Partners LP
Description
Breitburn Energy Partners LP and its affiliates have reached an agreement in principle with their key creditor constituencies with respect to an amended plan of reorganization and restructuring. The agreement in principle has the support of certain lenders under the debtors’ prepetition revolving credit facility, certain holders of the debtors’ 9.25% senior secured second lien notes, certain holders of the debtors’ 7.785% senior notes due 2022 and 8.625% senior notes due 2020.