PetroQuest Energy Inc. - 2016-01-14
Description
Outstanding 10% senior notes due 2017 will be exchanged for up to $75 million of cash, $202.5 million of newly issued 10% second-lien senior secured notes due 2021 and six million common shares in private offer. Support agreements were made with certain institutional holders who have participated in recent exchanges. Offer and consent solicitation are scheduled to expire on Feb. 11. The early tender date is Jan. 28. D.F. King & Co. Inc. is the information agent.