Tag: Lenders
Basic Energy extends forbearance agreement, continuing negotiations
Basic Energy has liquidity to continue uninterrupted operations and meet its obligations to suppliers, customers, and employees FORT WORTH, Texas – Basic Energy Services, Inc. and subsidiaries announced that the company, its secured term loan lenders and secured asset-based revolver lenders, and certain of its unsecured bondholders have taken steps to enable the continuation of negotiations regarding […]
Venoco files voluntary Chapter 11, reaches agreement with lenders
Venoco says it will continue normal operations and meet its financial obligations throughout restructuring process DENVER, CO – Venoco, Inc. has announced that it has reached an agreement with its senior lenders to reduce the company’s debt load and restructure the balance sheet. “Today’s announcement represents another significant step in our ongoing efforts to address the challenges […]
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