Ascent Resources Hits Ch. 11 With $1.2B Debt Rework Plan
By Matt Chiappardi ( February 6, 2018, 8:37 PM EST) -- Oil and gas developer and producer Ascent Resources Marcellus Holdings LLC and two subsidiaries filed for Chapter 11 protection Tuesday in Delaware with a restructuring strategy in hand to quickly swap out $1.2 billion in first- and second-lien debt for equity in a reorganized company mid-March....
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