- The Wall Street Journal•11 days ago
Offshore oil and gas driller Energy XXI has revamped its restructuring pact, offering higher recoveries to bondholders and other creditors.
- American City Business Journals•2 months ago
Kansas City-based CorEnergy Infrastructure Trust Inc. (CORR) said in its second-quarter earnings release that it won't fund any new acquisitions until the bankruptcy cases for two major tenants reach certain milestones. CorEnergy's two biggest assets have tenants in Chapter 11 bankruptcy . The tenants continue to pay rent on time, since they need continued access to the assets in order to continue operating and successfully exit bankruptcy, which means CorEnergy continues to pay dividends to its investors.
- The Wall Street Journal•2 months ago
Offshore oil and gas driller Energy XXI Ltd. won bankruptcy-court approval to put its restructuring plan to a vote by the creditors who are pushing for a bigger payout.