WASHINGTON–(BUSINESS WIRE)–EIG Pacific Holdings Ltd. (the Offeror), a Cayman Islands limited
company and subsidiary of Harbour Energy Ltd. (Harbour Energy),
announced today that it has commenced tender offers and proposed to
sponsor a restructuring of Pacific Exploration and Production Corp (TSX:
PRE) (Pacific E&P). Harbour Energy, managed by EIG Global Energy
Partners (EIG), believes that Pacific E&P faces significant near-term
insolvency concerns and requires a large infusion of new capital in
order to restructure its balance sheet, avoid value-destructive
asset-level reorganizations or distressed sales, and degradation of
Pacific E&Ps assets through under-…
Read the full article at: http://www.businesswire.com/news/home/20160113006382/en/EIG-Proposes-Restructuring-Pacific-Exploration-Production-Corp.