Tag: restructuring
Westinghouse Nuclear files for chapter 11, announces restructuring
Westinghouse Nuclear files for chapter 11 protection and secures $800 million in DIP financing to fund operations Westinghouse Electric Company, LLC – commonly known as Westinghouse Nuclear – filed voluntary petitions under Chapter 11 of the US Bankruptcy Code Wednesday, according to a company press release. The company is seeking to undertake a strategic restructuring […]
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 […]
Magnum Hunter Resources files for Chapter 11 bankruptcy protection
Agreement provides for debtor-in-possession financing in form of a $200 million senior secured multi-draw term loan Magnum Hunter Resources Corporation and its subsidiaries filed for bankruptcy protection Tuesday, saying it has the support of its lenders to restructure debt. The company has a restructuring support agreement with lenders that hold approximately 75 per cent in principal […]
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