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A&D - Bankrupt EdgeMarc selling Marcellus to DIP lender KeyBank - February 2020
EdgeMarc Energy Holdings, which went bankrupt last year, will divest its Marcellus shale assets in Pennsylvania to KeyBank National Association, whose winning offer at auction consisted mostly of a credit bid. Keybank, which provided EdgeMarc a debtorin-possession bankruptcy loan, will apply at least $60 million of debt it is owed to the sales price and pay $9.68 million in cash, according to a Jan. 24 sales notice filed with the US Bankruptcy Court for......
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