Drillers Feel Squeeze From Wary Bondholders In Debt Deals

Law360 (February 14, 2020, 8:28 PM EST) -- The continued chill in the oil and gas investment market is pushing drillers like Laredo Petroleum Inc. and Range Resources Corp. to pay ever-higher prices to kick their long-term debt further down the road, as even high-yield bondholders are demanding greater returns and more protection against potential bankruptcy losses.

With investors reluctant to sink any new cash into oil and gas development, several upstream companies are looking to raise additional funds by swapping high-yield unsecured bonds with fast-approaching maturities for debt that won't mature for several years. Companies including Laredo, Range, Nabors Industries Ltd. and EQT Corp. have recently issued bonds...

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!


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?
Ask a question!