EP Energy Corp. floated a chapter 11 exit strategy that would hand the business to senior bondholders and cut $4.4 billion in debt, the company’s second restructuring proposal after failing in a previous bid to exit from bankruptcy.
The oil-and-gas company had hoped to leave court protection after winning approval in March from the U.S. Bankruptcy Court in Houston for a debt restructuring that relied on financing commitments from Apollo Global Management Inc. and other big investors.
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July 15, 2020 at 03:11AM
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EP Energy Proposes $4.4 Billion Debt-Cutting Strategy as Oil Prices Recover - Wall Street Journal
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