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In one of the most highly anticipated judgments in the European restructuring market in recent years, on 23 January 2024, the English Court of Appeal overturned the High Court’s...
Hurricane Energy plc, the UK based oil and gas company, provides an update on the previously announced stakeholder engagement process and discloses operational and financial projections which have been shared with an ad hoc group of bondholders (the "Ad Hoc Committee"), holding in aggregate approximately 69% by value of the Company's $230 million convertible bonds due 24 July 2022 (the "Convertible Bonds") as part of business planning, financing and balance sheet restructuring discussions. As part of this process, in recent months, the Company has been e...