Ultra Petroleum Corp. - 2016-03-03

Lenders to a subsidiary of Ultra Petroleum Corp. gave it a waiver on payments that were due March 1. Waiver and amendment agreements also cover potential defaults under the subsidiaries' other debt agreements through April 30. There was a $62 million maturity payment due March 1 under one series of senior notes, and a $40 million interest payment due the same day under the senior notes. Ultra also recently borrowed $266 million, the remainder of its revolving credit facility.