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Vanguard emerges from Chapter 11 bankruptcy as Grizzly Energy

3 days ago DieselGasoil Comments Off on Vanguard emerges from Chapter 11 bankruptcy as Grizzly Energy
7/17/2019 HOUSTON – Vanguard Natural Resources announced that it successfully completed its financial restructuring and emerged from Chapter 11 as a new limited liability company under the name of Grizzly Energy. Through its financial restructuring, the company eliminated more than $500 million of secured debt from its balance sheet and significantly enhanced its financial flexibility. Read More

Vanguard Natural Resources emerges from Chapter 11 bankruptcy as Grizzly Energy

3 days ago DieselGasoil Comments Off on Vanguard Natural Resources emerges from Chapter 11 bankruptcy as Grizzly Energy
7/17/2019 HOUSTON – Vanguard Natural Resources announced that it successfully completed its financial restructuring and emerged from Chapter 11 as a new limited liability company under the name of Grizzly Energy. Through its financial restructuring, the company eliminated more than $500 million of secured debt from its balance sheet and significantly enhanced its financial flexibility. Read More

Delphi Energy Corp. Announces Extension of Credit Facility

1 week ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Extension of Credit Facility
CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the annual borrowing base redetermination of its senior credit facility has been finalized. The amended credit facility has a borrowing base of $100.0 million reducing to $90.0 million upon the earlier of September 30, 2019 and the completion Read More

Delphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update

1 month ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update
CALGARY, Alberta, June 17, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the sale of a portion of its Alliance Service and an extension to its senior credit facility. SALE OF A PORTION OF EXCESS ALLIANCE FIRM TRANSPORTATION SERVICE Delphi has entered into a binding agreement to sell and permanently assign Read More

Delphi Energy Corp. Provides Credit Facility Update

2 months ago DieselGasoil Comments Off on Delphi Energy Corp. Provides Credit Facility Update
CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the Company’s syndicate of lenders, led by Alberta Treasury Branches and including The Bank of Nova Scotia and Bank of Montreal, has extended the term out date of the Company’s $105 million senior secured credit facility to June Read More