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Sundance Energy Successfully Deleverages Balance Sheet, Emerges from Chapter 11 Process Focused on Core Development Strategy - Vimarsana News

Sundance Energy Successfully Deleverages Balance Sheet, Emerges from Chapter 11 Process Focused on Core Development Strategy

Emerges from Chapter 11 Process Having Eliminated Over $250 Million of Funded Debt Obligations Company Now a Private Entity Under New Ownership and Guided by a New Board of Directors DENVER, April 23, 2021 (GLOBE NEWSWIRE) -- Sundance Energy Inc. and its affiliates (“Sundance” or the “Company”), an onshore independent oil and natural gas company focused on the development of large, repeatable resource plays in North America, today announced that it has successfully completed its financial restructuring and implemented its prepackaged plan of reorganization (the “Prepackaged Planâ€...

Sundance Energy Takes Action to Strengthen Balance Sheet and Position Business for Sustained Future Success, Commences Financial Restructuring With Lender Support - Vimarsana News

Sundance Energy Takes Action to Strengthen Balance Sheet and Position Business for Sustained Future Success, Commences Financial Restructuring With Lender Support

Company initiates voluntary, prepackaged Chapter 11 process that will eliminate over $250 million of funded debt obligations Chapter 11 process expected to conclude in approximately 60 days All operations to continue as usual; employees, vendors, royalty owners, and other trade creditors to continue being paid in full in the ordinary course of business Enters Chapter 11 process with at least $45 million of committed DIP financing DENVER, March 09, 2021 (GLOBE NEWSWIRE) -- Sundance Energy Inc. (NASDAQ: SNDE) and its affiliates (“Sundance” or the “Company”), an onshore independent oil...

Sundance Energy Takes Action to Strengthen Balance Sheet and Position Business for Sustained ... - Vimarsana News

Sundance Energy Takes Action to Strengthen Balance Sheet and Position Business for Sustained ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Sundance Energy Takes Action to Strengthen Balance Sheet and Position Business for Sustained ... Sundance Energy Inc.March 10, 2021 GMT Company initiates voluntary, prepackaged Chapter 11 process that will eliminate over $250 million of funded debt obligations Chapter 11 process expected to conclude in approximately 60 days All operations to continue as usual; employees, vendors, royalty owners, and other trade creditors to continue being paid in full in the ordinary course of business Enters Chapte...

Source: apnews.com