LAFAYETTE, La.–(BUSINESS WIRE)–Knight Energy Holdings, LLC (Knight or the Company) and its
operating affiliates announced today that they have signed a
Restructuring Support Agreement (RSA) with certain debt holders
representing over 87% of the Companys Senior Secured Credit Facility
due 2018 in conjunction with its voluntary filing of a pre-negotiated
Chapter 11 petition today in the U.S. Bankruptcy Court for the Western
District of Louisiana, Lafayette Division (Court). The Company intends
to move expeditiously to present its plan of reorganization to the Court
and seek confirmation of the same. The RSA provides for a substantial
deleveraging transaction pu…
Read the full article at: http://www.businesswire.com/news/home/20170808006587/en/Knight-Energy-Holdings-Affiliates-Enter-Restructuring-Support