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Oil & Gas Co. Enduro Enters Ch. 11 To Escape $350M Debt

Law360 (May 16, 2018, 4:52 PM EDT) -- Unable to negotiate and fully restructure its way out of a default and $350 million debt burden, oil and gas company Enduro Resource Partners LLC opened a sale-focused Chapter 11 in Delaware late Tuesday, with bids tentatively due in seven weeks.

Enduro Chief Financial Officer Kimberly A. Weimer said in a declaration filed with the court that the business had been working since 2015 to find alternatives to default on debt to first lien lenders owed $209 million, represented by Bank of America Corp.

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