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

Wednesday, 18 October 2017 08:13
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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.

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