EP Energy 1.25 Liens Create Company At 2x EBITDAX With 18% Current Yield
Purchase EP Energy 8 percent 1.25 Lien Notes due 2024 45% of Par and make equity-like 18% current yield. Restructuring Support Agreement reduces EP Energy’s debt by approximately $3.3 billion and debt service charges from approximately $265 million allowing a restructured EP Energy to generate positive free cash flow. $1.5 billion of net debt throughout the 1…
News story published on 2019-11-01T16:27:00.0000000Z
