EV Energy Partners restructers to become Harvest Oil & Gas
Friday, June 8, 2018
EV Energy Partners recently completed its financial restructuring, emerging from Chapter 11 as a new corporation called Harvest Oil & Gas Corp., according to Kallanish Energy.
Through the restructuring process, Harvest managed to eliminate roughly $355 million in debt and accuse interest and enhance its balance sheet, according to a statement made by the company. It also entered into an amended and restated credit facility providing for a new reserve-based revolving loan.
The company filed for Chapter 11 protection last April.
Learn more: Kallanish Energy > EV Energy Partners becomes Harvest Oil & Gas
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