May 6, 2017 archive

Permian Resources Announces Restructuring Deal, New Company Name

A company with ties to the late Aubrey McClendon has reached an equity restructuring deal worth more than $1 billion, according to a report by The Oklahoman. Permian Resources LLC announced that OnyxPoint Global Management LP will forgive $325 million in debt in exchange for a stake in the company, which will be renamed Sable …

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