Company initiates voluntary, prepackaged Chapter 11 process that will eliminate over $250 million of funded debt obligations
Chapter 11 process expected to conclude in approximately 60 days
All operations to continue as usual; employees, vendors, royalty owners, and other trade creditors to continue being paid in full in the ordinary course of business
Enters Chapter 11 process with at least $45 million of committed DIP financing
DENVER, March 09, 2021 (GLOBE NEWSWIRE) — Sundance Energy Inc. (NASDAQ: SNDE) and its affiliates (Sundance or the Company), an onshore independent oil and natural gas company focused on the development of large, repeatable resource plays in North Ameri…
Read the full article at: https://www.globenewswire.com/news-release/2021/03/10/2190014/0/en/Sundance-Energy-Takes-Action-to-Strengthen-Balance-Sheet-and-Position-Business-for-Sustained-Future-Success-Commences-Financial-Restructuring-With-Lender-Support.html