Moody's Investors Service, ("Moody's") assigned a Baa3 rating to Fieldwood Energy LLC (DIP)'s (Fieldwood) $100 million senior secured priming super-priority debtor-in-possession (DIP) delayed draw term loan. The DIP facility was provided by certain pre-petition first lien term loan lenders, which will help the company manage its operations and liquidity needs during the Chapter 11 reorganization process. The DIP facility has a final maturity date of August 4, 2021.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Apache Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
HOUSTON, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its third-quarter 2020 results conference call Thursday, Nov. 5, 2020, at 1 p.m. Central time. The company will issue its earnings release after close of market Wednesday, Nov. 4. The full text of the release will be available on the company's website at www.altusmidstream.com. The conference call will be webcast from Altus’ website at www.altusmidstream.com/investors, and the webcast replay will be archived there as well. The conference call will also be available for playback by telephone for one week beginning at approximately 6 p.m. Central time Nov. 5. To access the telephone playback, dial (855) 859-2056 or (404) 537-3406 for international calls. The conference access code is 3645066.About Altus Midstream Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns substantially all of the gas gathering, processing and transmission assets servicing production from Apache Corporation (Nasdaq: APA) in the Alpine High play in the Delaware Basin and owns equity interests in four Permian-to-Gulf Coast pipelines. Altus posts announcements, operational updates, investor information and press releases on its website, www.altusmidstream.com.ContactsMedia:(713) 296-7276 Phil West Investors:(281) 302-2286 Patrick Cassidy Websites:www.altusmidstream.com