CorEnergy Enters Restructuring Support Agreement [MarketWatch]
Perella Weinberg Partners - Class A (PWP)
Company Research
Source: MarketWatch
CorEnergy Infrastructure Trust, Inc. (OTC Pink: CORR, CORRL) ("CorEnergy" or the "Company") today announced that it has reached an agreement with certain of its noteholders on a comprehensive financial restructuring that will reduce debt and restructure its balance sheet. The Ad Hoc Group of Noteholders, whose members hold approximately 90% of CorEnergy's 5.875% Unsecured Convertible Senior Notes due 2025 (the "Senior Notes"), has entered into a Restructuring Support Agreement (the "RSA") with the Company. Advertisement "Restructuring our debt will help to right-size our capital structure for the smaller scale of the enterprise following the MoGas and Omega sale, building on our efforts to increase liquidity through a combination of asset sales and tariff increases," said Dave Schulte, Chairman and Chief Executive Officer of CorEnergy. Schulte continued, "As we move through the reorganization process, we intend to continue to meet all obligations to our valued customers, employ
Show less
Read more
Impact Snapshot
Event Time:
PWP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PWP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PWP alerts
High impacting Perella Weinberg Partners - Class A news events
Weekly update
A roundup of the hottest topics
PWP
News
- Perella Weinberg to Announce First Quarter 2024 Financial Results and to Host Conference Call on May 3, 2024GlobeNewswire
- Santander Hires Dealmakers From Perella, William Blair, Moelis [Yahoo! Finance]Yahoo! Finance
- Santander Hires Dealmakers From Perella, William Blair, Moelis [BNN Bloomberg (Canada)]BNN Bloomberg
- Perella Weinberg Partners (NASDAQ: PWP) had its price target raised by analysts at JMP Securities from $18.00 to $22.00. They now have a "market outperform" rating on the stock.MarketBeat
- Perella Weinberg: Comp Expense Should Go Down After Turnover [Seeking Alpha]Seeking Alpha
PWP
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- PWP's page on the SEC website