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Bonanza Creek Energy Prepackaged Chapter 11 Plan of Reorganization Confirmed by Court

BONANZA CREEK ENERGY (BCEI)  More Company Research Source: GlobeNewswire
Last bonanza creek energy earnings: 5/8 04:30 pm Check Earnings Report
US:NYSE Investor Relations: bonanzacrk.com/investor-center
PDF Court Approves $200 Million Rights Offering Emergence From Chapter 11 Expected in the Coming Weeks DENVER, April 07, 2017 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE:BCEI) (“Bonanza Creek” or the “Company”) today announced that, just over three months after it filed for Chapter 11 relief, the United States Bankruptcy Court for the District of Delaware (the “Court”) has confirmed its Third Amended Plan of Reorganization (the “Prepackaged Plan”).  In addition, the Court approved the commencement of a rights offering that will result in the infusion of approximately $200 million of new liquidity into the Company upon its emergence from bankruptcy.  Bonanza Creek expects to emerge from bankruptcy before the end of this month. “The Court’s confirmation of our Prepackaged Plan represents a significant step toward completing our successful financial restructuring,” said Richard Carty, Bonanza Creek’s President and Chief Executive Officer. “We will emerge as a strong and delevera [Read more]

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