Gulfport discusses restructuring with lenders
Wednesday, October 21, 2020
Gulfport Energy Corp. recently revealed in a regulatory filing that it’s been in discussions with its lenders about filing for bankruptcy, according to Natural Gas Intelligence.
Furthermore, Gulfport entered a 30-day grace period to defer an interest payment that was due Thursday on its 6% unsecured note due 2024.
During the grace period, the company will continue “ongoing constructive discussions with its lenders and certain other stakeholders regarding a potential comprehensive financial restructuring to strengthen the company’s balance sheet and financial position,” according to its filing with the U.S. Securities and Exchange Commission.
Learn more: Natural Gas Intelligence > Leading Utica Producer Gulfport in Restructuring Talks with Lenders
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