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.
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.
Bank Of America Resigns Trusteeship Of Permian Basin Royalty Trust
The Bank nominated Forth Worth-based Southwest Bank as successor
Endeavour International Corp. To Refinance Revolving Credit, Reimbursement
Company is in talks with lenders
Dakota Plains Announces Debt Restructuring
Dakota Plains plans to decrease its total promissory notes outstanding from $26.6 million to $7.7 million.
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.
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.
Energy Transfer Completes Debt Refinancings
The refinancings are expected to reduce the company's current annual interest expense by over $16 million.
Saratoga Refinances $27.3 Million Existing Notes
Net proceeds will be used for general corporate purposes, including working capital and capital expenditures.
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.