Pacific Exploration negotiates restructuring with Catalyst Capital: Reuters
Oil and gas producer Pacific Exploration & Production Corp said its board has agreed to negotiate a financial restructuring involving Canadian private equity firm Catalyst Capital Group Inc and its creditors, Reuters reported. Pacific Exploration, which has defaulted on certain senior notes and credit agreements, said earlier this week that it has received proposals from third parties regarding the restructuring.
14 April 2016•2 mins read
