Lone Pine Seeks Nod To Enter $40M Hedge Agreements

Law360, Wilmington (December 9, 2013, 4:46 PM EST) -- Canadian energy firm Lone Pine Resources Inc. asked a Delaware bankruptcy judge Monday to approve up to $40 million in hedging agreements, a prerequisite for the Calgary-based company to finalize a new $130 million loan.

Lone Pine sought court protection in Canada and the U.S. in September aiming to restructure its debt, subsequently negotiating a new $130 million asset-based loan that requires the debtor to enter into $40 million in commodity hedge arrangements covering oil and gas production prices, according to Monday's motion.

Lone Pine's commodity...
To view the full article, register now.




Case Information

Case Title

Lone Pine Resources Inc.

Case Number




Nature of Suit

Date Filed

September 25, 2013

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.