Triangle Petroleum Makes Case For Ch. 11 Debt-Equity Swap
By Rose Krebs ( June 12, 2019, 8:04 PM EDT) -- Midstream oil and gas services company Triangle Petroleum urged the Delaware bankruptcy court on Wednesday to sign off on its Chapter 11 debt-for-equity swap that would wipe more than $150 million of secured obligations from its balance sheet two years after its exploration subsidiary went through bankruptcy....
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