Private Equity | Financial Trouble | Capital Markets
Permian E&P Avoids Bankruptcy, Restructures out of Court
Print
|
According to DavisPolk, it was able to help restructure Sable Permian Resources out of court and avoid bankruptcy. Below is what the company said.
"Davis Polk advised investment funds acting as secured noteholders and backstop parties in connection with the $2.1 billion debt restructuring of Sable Permian Resources, LLC, a leading oil and natural gas extraction and production company with assets located in Texas’s Permian Basin.
The restructuring centered around a series of tender and exchange offers for the first-lien, second-lien and senior unsecured notes issued by subsidiary American Energy—Permian Basin, LLC. Pursuant to these offers, holders of first- and second-lien notes received full cash payment of all principal and interest. Unsecured noteholders received cash in an amount…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Refinancing News
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…