We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Rex Energy Files For Ch. 11 With RSA In Hand

Law360 (May 18, 2018, 7:59 PM EDT) -- Pennsylvania oil and gas concern Rex Energy filed for Chapter 11 protection on Friday with $884 million in outstanding funded debt and an overwhelmingly favored restructuring support agreement in hand as well as a plan to sell all assets, it said, asking for approval of $411 million in DIP financing, including $100 million in new money.

State College, Pennsylvania-based Rex said that 100 percent of its first-lien lenders along with second-lien lenders representing 72 percent of that tier's dollar value support the RSA. The $100 million...
To view the full article, register now.
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.