Goodrich Petroleum Corp. - 2016-03-08
Description
Exercised grace period on the $5.2 million interest payment due on its 8.875% senior notes due 2019, the $4 million interest payment on its 8.00% second-lien secured notes due 2018 and the $3 million interest payment on its 8.875% second-lien senior secured notes due 2018. Will also exercise a grace period for a $0.2 million interest payment on its 5.00% convertible notes due 2029, a $2.4 million interest payment due on its 5.00% convertible notes due 2032 and a $0.2 million interest payment on its 5.00% convertible exchange notes due 2032. Lazard is its restructuring adviser and Vinson & Elkins LLP is its restructuring counsel.