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CM - Chisholm seeking to cut $517MM in debt via Chapter 11 - June 2020
Chisholm Oil & Gas filed for Chapter 11 bankruptcy protection, seeking to extinguish $517 million of long-term debt. It entered the courthouse on June 18 with a restructuring support agreement with its PE sponsors Ares Management and Apollo Global Management and lenders including Citi and Goldman Sachs. The Tulsa-based shale E&P company has $263 million outstanding on its reserve-based lending facility and $254 million outstanding on a term loan. The restructuring support agreement proposes......
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