A&D - Apollo mulls investment in Sanchez’s $2.4 billion debt load - July 2019New York-based private equity firm Apollo Global Management is reportedly among
potential investors that are considering the purchase of struggling Eagle Ford-focused
E&P firm Sanchez Energy’s debt to take control of the company as part of a restructuring,
unnamed sources told Bloomberg. With a debt load of $2.4 billion, Sanchez
said in its 2018 annual report that it may need to file for bankruptcy. The
company launched a strategic review in December with Moelis & Co.
acting as its...