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UPDATE: Oasis, Lenders Discussing Restructuring Following Missed Interest Payment
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Following its missed interest payment due date (see details below), Oasis Petroleum Inc. has entered into a 30-day grace period regarding the interest payment on its debt notes.
The missed payment involved its 6.875% Senior Unsecured Notes due 2022 and 2.625% Senior Unsecured Convertible Notes due 2023.
The company is in discussions with its lenders and a group of ad hoc noteholders on a comprehensive financial restructuring.
This story will be updated as more information becomes available.
September 17: Skipped PaymentAfter reports of rising financial trouble earlier in the year, Oasis Petroleum Inc. has skipped its September 15, 2020 due date for its latest interest payment.
According to a report by Bloomberg, the…
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