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Bonanza Creek enters into restructuring support agreement with NGL Energy

Dec 29, 2016 - Marketline Newswire

Bonanza Creek Energy, Inc. and its subsidiaries have entered into a restructuring support agreement, or RSA, with NGL Energy Partners LP and NGL Crude Logistics, LLC.

NGL Energy Partners LP and NGL Crude Logistics, LLC, a contractual counterparty that purchases Bonanza Creek's crude oil production, and members of an ad hoc group holding more than 50% of the outstanding obligations under Bonanza Creek's 6.75% senior notes due 2021 and 5.75% senior notes due 2023. Under the RSA, the ...