Finance & Investing | Debt | Capital Markets
Callon Hires Debt Advisors as it Grapples with $3.0B Debt Load
Email
Print 
Bookmark
Callon Petroleum Co. has hired debt advisors as it looks to restructure its considerable debt load, according to a report by Reuters.
Currently, the company has logged over $3.0 billion in debt, a good chunk of which was assumed when it acquired Carrizo Oil & Gas last year (Carrizo had $1.7 billion in debt at the time of the deal).
In the wake of the market downturn and to preserve its financials, Callon cut its 2020 budget by 30% in March and dropped several rigs from its program.
Related Categories :
Financial Trouble - Hire Debt Advisors
More Financial Trouble - Hire Debt Advisors News
-
Large GOM E&P Headed Toward Bankruptcy Again; Chapter 22 -
-
Extraction Oil & Gas Borrowing Base Cut, Hires Advisors
-
Major Pressure Pumper/ Frac Company Hires Debt Advisors -
-
Another Large STACK Operator Hires Debt Advisors -
-
Chesapeake Taps Debt Restructuring Advisors as Pressure Mounts
Permian News >>>
-
Here is what To Expect in 2023 US. Drilling Market; From Contractors -
-
E&P Companies Talk Increase In 2023 Plans; Rigs, Frac Crews and Capital Budgets -
-
ConocoPhillips Third Quarter 2022 Results -
-
Coterra Energy Third Quarter 2022 Results -
-
SM Energy Third Quarter 2022 Results
