New Chapter 11 Filing - Vanguard Natural Resources
Vanguard Natural Resources
2/2/17 Recap: Houston-based oil and gas producer files chapter 11 pursuant to a restructuring support agreement that, if implemented, will permit the company to cut over $700mm of debt. The company has secured a $50mm DIP.
Jurisdiction: SD of Texas
Capital Structure: $1.372b '18 L+250 RBL (Citibank N.A.), $76mm '20 7% second lie…