You have accessed this news story:
CM - Legacy Reserves’ RSA will reduce debt by over $900MM - June 2019
Legacy Reserves Inc. confirmed a global restructuring support agreement with its reserve based revolving credit facility lenders, and groups holding the company’s second lien term loan and notes. The RSA will be executed while the company restructures under Chapter 11 of the US Bankruptcy Codes and is expected to extinguish more than $900 million of debt. Legacy will file the RSA within 30 days following its June 18 petition to enter bankruptcy protection. In addition to relieving over $900 million in debt, the RSA would give Legacy $253......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!