Revised $635M ATP Asset Sale Wins Judge's Initial OK

Law360, Houston (July 10, 2013, 8:21 PM EDT) -- A Texas bankruptcy judge on Tuesday provisionally signed off on a revised plan by ATP Oil & Gas Corp. to sell off a chuck of its oil and gas operations to a group of lenders led by Credit Suisse AG for $635 million.

U.S. Bankruptcy Judge Marvin Isgur entered an interim order of sale authorizing the sale of ATP's leases and other interests in the Gulf of Mexico for $580 million in debt cancelation from Credit Suisse and other lenders and another $55 million in cash...
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