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Cubic Energy lenders to get new equity

Dec 15, 2015 - The Deal Pipeline

Cubic Energy Inc. (CBNR) looks to exit Chapter 11 in just two months after seeking court protection with a prepackaged reorganization plan unanimously approved by voting creditors. The Dallas oil and gas exploration and production company and four affiliates on Friday, Dec. 11, commenced cases in the U.S. Bankruptcy Court for the District of Delaware in Wilmington.

Judge Christopher S. Sontchi is set on Tuesday to consider first-day motions, including requests for joint administrat...