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CM - Alta Mesa’s Kingfisher sub pushes back default danger - May 2019

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Alta Mesa Resources Inc. subsidiary Kingfisher Midstream LLC worked out a 45-day extension with lenders of its $300 million revolving credit facility that keeps it out of default for now. The company and its parent did not file a quarterly report for 4Q18 nor an annual report for FY18 with the Securities & Exchange Commission on time, thereby triggering a default event under the terms of the revolver without the agreement to extend the receipt of the filing. The April 29 agreement waived certain default events with......
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