Featured Book

ForgiveDebtors

Castex Energy Files for Chapter 11 with Debt-to-Equity Plan

Wednesday, 18 October 2017 08:13
Rate this item
(0 votes)

Castex Energy Partners, L.P., and its affiliates sought Chapter 11 protection after reaching terms of a consensual restructuring that will convert a substantial portion of the prepetition lenders' debt to equity.

The Debtors have arranged DIP financing from their prepetition lenders in the form of a revolving DIP Facility in the aggregate principal amount of up to $15 million.

Please log in or register to view the entire article

Login to post comments

Featured News

  • Skypatrol LLC Case Summary & 20 Largest Unsecured Creditors

    Debtor: Skypatrol, LLC, a Delaware Limited Liability Company
                dba GPS Tracking Solutions
                dba M2M Depot
                dba Defender
                dba Total GPS Technologies
                dba Fleet Command
                dba Protek
                3055 N.W. 84th Avenue
                Miami, FL 33122-1921

    Business Description: Skypatrol, LLC provides integrated Global
    Positioning System (GPS) tracking solutions
    serving many markets including vehicle
    finance, fleet management, mobile asset
    tracking, automobile dealerships, outdoor
    sports and motor sports.

    Written on Friday, 15 December 2017 05:22 in Latest News Be the first to comment! Read 172 times Read more...