WASHINGTON–(BUSINESS WIRE)–EIG Pacific Holdings Ltd. (the Offeror), a Cayman Islands limited
company and subsidiary of Harbour Energy Ltd. (Harbour Energy), today
provided an update regarding its pending tender offers (the Tender
Offers) for the outstanding senior notes (the Notes) of Pacific
Exploration & Production Corporation (TSX: PRE) (BVC: PREC) (Pacific
E&P or the Company).
On January 13, 2016, the Offeror commenced tender offers to purchase for
cash any and all of the approximately $4.10 billion aggregate principal
amount of outstanding Notes of Pacific E&P. EIG announced that day that
it believed Pacific E&P is on the verge of insolven…
Read the full article at: http://www.businesswire.com/news/home/20160120006483/en/EIG-Update-Proposed-Restructuring-Pacific-Exploration-Production