Samson Settles With Creditors To End Ch. 11 Plan War

Law360, Wilmington (January 6, 2017, 7:54 PM EST) -- The major players in the Samson Resources Corp. bankruptcy said Friday they'd come to a deal that aims to end the fierce squabbling in the oil and gas company's Chapter 11 case to restructure some $4 billion in debt, and sets out to pay unsecured creditors at least $168.5 million.

In a notice filed with the Delaware bankruptcy court, Samson, its first- and second-lien secured creditors and the official committee of unsecured creditors said they are going to ask U.S. Bankruptcy Judge Christopher S. Sontchi to approve the global settlement, which contemplates a reorganization strategy retaining the second-lien lender debt-for-equity swap,...

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

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!