InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,625.15
(
0.15%
)
US TECH 100
19,074.80
(
0.32%
)
Dow Jones
41,234.54
(
-0.01%
)
Brent Oil
78.80
(
-1.83%
)
Bitcoin
62,147.36
(
-1.16%
)
Post# of 1028
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

m0n

Send PM Follow Ignore
Followers 196
Posts 32168
Boards Moderated 0
Alias Born 05/18/2009

m0n

Re: BCNstocks post# 918

Thursday, 08/01/2019 9:50:11 AM

Thursday, August 01, 2019 9:50:11 AM

Post# of 1028
$LGCYQ DIP Financing and Blackstone Group invests “NEW EQUITY”


Legacy Reserves Gets Court OK for DIP Financing


Legacy Reserves Inc. (LGCYQ), which filed for bankruptcy in June, said it received court approval for up to $350 million of debtor-in-possession financing.

The company listed $1.42 billion in assets and $1.68 billion in liabilities in its filing. On Tuesday, Legacy said it expects to have ample liquidity during its chapter 11 cases.

Blackstone Group's LP's (BX) credit arm agreed to invest new equity as part of a restructuring agreement.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up