US energy investor says it will provide more financing in return for a lower equity stake than rival offer
Tag: Pacific E&P
Posted inDaily Brief
Court approves Pacific E&P restructuring
Oil company gets the go-ahead to proceed with debtor-in-possession plan with Canadian private equity fund
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Pacific E&P inks deal with Catalyst Capital
Oil company reaches a restructuring agreement with a Canadian private equity fund that allows it to reduce its debt by $5bn
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Pacific E&P confirms talks with Catalyst
Oil and gas company says it is negotiating a debt restructuring plan with its creditors and the Canadian private equity fund
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Pacific E&P nears restructuring plan
Oil and gas company has presented a restructuring proposal to the finance ministry, sources say
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Fitch cuts Pacific E&P
Oil company says it is still in talks with creditors to restructure its debt
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Pacific E&P mulls debt-for-equity proposal
A deal could lead to Canadian private equity firm Catalyst taking a 50% stake in the oil producer
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Pacific E&P to miss another payment
Oil company skips its third payment in 2016 after reporting a sharp drop in earnings for last year
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Pacific E&P gets more time from debtholders
Oil producer also confirms that it has entered forbearance agreements with bank lenders
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Pacific E&P debtholders question EIG proposal
EIG’s offer to buy the oil producer’s debt expires on March 24