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Analysts Forecasting Profitability Indicators: ConocoPhillips (NYSE:COP), Sanchez Energy Corporation (NYSE:SN)

Analysts Forecasting Profitability Indicators: ConocoPhillips (NYSE:COP), Sanchez Energy Corporation (NYSE:SN)
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Indenture Trustees Must Provide Substantial Contribution to Qualify for Administrative Expense | Dechert LLP


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The United States Bankruptcy Court for the Southern District of Texas recently clarified the administrative expense standard applicable to indenture trustees by holding that they can recover fees and expenses as administrative expenses only when they make a “substantial contribution.” This standard requires a greater showing than “benefit to the estate,” which is the general administrative expense standard.
In re Sanchez Energy Corp., No. 19-34508 (Bankr. S.D. Tex. May 3, 2021).
Background
Sanchez”) issued two indentures for certain senior notes for which Delaware Trust Company (“
DTC”) acted as the successor Indenture Trustee. The confirmed chapter 11 plan called for payment in full in cash for holders of allowed administrative claims. The terms of the indentures indicated that DTC would be entitled to payment for fees and expenses, and that these fees and expenses may be classified as ....

United States , Delaware Trust Company , Mesquite Energy Inc , United States Bankruptcy Court , Sanchez Energy Corp , Sanchez Energy Corporation , Southern District , ஒன்றுபட்டது மாநிலங்களில் , டெலாவேர் நம்பிக்கை நிறுவனம் , மெஸ்‌க்வைட் ஆற்றல் இன்க் , ஒன்றுபட்டது மாநிலங்களில் திவால்நிலை நீதிமன்றம் , சான்செஸ் ஆற்றல் கார்ப் , சான்செஸ் ஆற்றல் நிறுவனம் , தெற்கு மாவட்டம் ,