Sabine Oil & Gas Submits $2.9B Restructuring Plan In Ch. 11

Law360, New York (January 26, 2016, 7:40 PM EST) -- Sabine Oil & Gas Corp. submitted a Chapter 11 plan Tuesday in New York federal court and asked the court for permission to begin soliciting creditors on the gas and oil producer's plan to restructure $2.9 billion in debt.

Sabine submitted its plan and a disclosure statement that's intended to give the debtor's financial stakeholders a clear idea of how the company intends to restructure itself. The company filed for bankruptcy in July, blaming its significant debt on a dramatic plunge in oil prices.

The plan contemplates a debt-for-equity swap that would turn over control of the reorganized Sabine to the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!