Rating agency bases upgrade on improved capital structure and strong management
Tag: Pacific E&P
Posted inDaily Brief
Pacific E&P settles restructuring
Oil and gas firm plans to list its shares on the Toronto stock market today
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Court approves Pacific E&P restructuring
Ontario court greenlights agreement between the oil and gas company and Canadian private equity fund
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Pacific E&P details counteroffer
An alternative restructuring deal from minority shareholders involves $575m in DIP financing and money to break the existing agreement with Catalyst
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Pacific E&P bondholders back Catalyst offer
More than 98% of the oil and gas company’s creditors have voted in favor of the Canadian private equity firm’s restructuring plan
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Pacific E&P mulls new restructuring offer
Oil and gas company receives a letter proposing an “alternative transaction” on the eve of a creditors’ meeting
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Pacific E&P gets DIP financing
Oil and gas firm nets $500m loan and secures new letter of credit from Catalyst Capital
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Pacific E&P gets court extension
Oil and gas company receives more time to negotiate a financing package with private equity fund Catalyst
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Pacific E&P sticks with Catalyst
Oil company says it still favors the Canadian private equity firm’s $500m DIP financing plan over a $550m proposal from EIG
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Moody’s pulls Pacific E&P’s ratings
Rating agency’s move comes after the Canadian-owned oil and gas explorer filed for bankruptcy