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DocLevi

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DocLevi

Re: stayfocused post# 633

Sunday, 09/27/2015 8:28:54 AM

Sunday, September 27, 2015 8:28:54 AM

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Are commons dead now? http://www.law360.com/articles/703811/sabine-oil-gets-green-light-to-tap-into-cash-collateral

....Sabine argued in court papers that it needs to utilize its cash collateral and other disputed funds to help the company ease its liquidity problems. In exchange for going along with its request, Sabine offered secured lenders a variety of protections, including superpriority claims, and senior liens tied to the restructuring to its second lien note holders....


Maybe in response to

....The committee said it plans to probe the Forest Oil deal because Sabine’s lawsuit only partly addressed the giveaways. Senior lenders might have to give up some liens, it said....
http://www.bloomberg.com/news/articles/2015-08-24/aurelius-farallon-take-aim-at-sabine-oil-s-senior-lenders

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