Unit Corp. files for bankruptcy [Seeking Alpha]
UNIT (UNT)
Last unit earnings: 3/16 04:15 pm
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US:NYSE Investor Relations:
investor.uniti.com
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Source: Seeking Alpha
Unit Corp. (NYSE:UNTfiled for Chapter 11 bankruptcy protectionUnit says the move will reduce its funded debt obligations by more than $650M and right-size its balance sheet for go-forward operations.The restructuring support agreement is supported by the holders of more than 70% of 6.625% senior subordinated notes due 2021 and all lenders under the company's senior credit agreement.
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