June 29, 2020 | Cbonds
Another oil and gas company filed for Chapter 11 bankruptcy protection.
On June 25, Sable Permian Resources Finance announced bankruptcy restructuring. It has $707 million in debt.
The company has secured debtor-in-possession financing of $150 million to fund the operations during the process. Currently, it has been negotiating with advisers and stakeholders on a range of alternatives.
Società: Sable Permian Resources Finance
|Nome completo della società||Sable Permian Resources Finance, LLC (formerly American Energy-Permian Basin, LLC)|
|Paese di registrazione||USA|
|Settore||Oil and gas|