trending Market Intelligence /marketintelligence/en/news-insights/trending/sq3bvtdwv7A3rKIyxRjNrg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

EP Energy strikes support agreement for Chapter 11 restructuring plan

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

Essential Energy Insights - May 14, 2020


EP Energy strikes support agreement for Chapter 11 restructuring plan

EP Energy Corp. entered into an agreement with holders of its senior secured notes to support its Chapter 11 restructuring plan.

EP Energy struck the plan support agreement with holders of approximately 52.0% of its 8.000% senior secured notes due 2024, and 79.3% of its 9.375% senior secured notes due 2024 and 8.000% senior secured notes due 2025, according to an Oct. 21 SEC filing.

EP Energy's Chapter 11 reorganization plan will be implemented according to the plan term sheet annexed to the plan support agreement, which is premised on an equity rights offering of up to $475 million, $463 million of which is backstopped by supporting noteholders; and an approximately $629 million exit facility, for which, as of Oct. 18, over 90% of the lenders under EP Energy's pre-petition reserve-based lending facility have committed to provide support, according to the filing.

In line with its restructuring, the company may also execute a private placement of new common shares for a purchase price of up to $75 million.

EP Energy in October said it voluntarily filed for Chapter 11 reorganization to lower its debt and strengthen its balance sheet. The company acquires and develops unconventional onshore oil and natural gas properties in the U.S.