Endeavour Wins Approval of Initial Restructuring Deal
"A bankruptcy judge approved a preliminary restructuring deal for Endeavour International Corp . that proposes cutting $568 million in debt from the oil-and- gas company's balance sheet through a debt-for-equity swap with bondholders."
"Judge Kevin Carey of U.S. Bankruptcy Court in Wilmington, Del., signed off on the restructuring support agreement, which has the support of a majority of Endeavour's bondholders, in a Monday order."
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