Search results
The Alberta Court of Appeal's dismissal of Bellatrix's appeal leaves substantial uncertainty for natural gas market and all derivatives counterparties.
Moody's said that Bellatrix 's announcement of a proposed recapitalization transaction, if approved and completed as proposed, would likely lead to a limited default designation on certain of the Company’s debt obligations.
Apr 2, 2019 · The proposed revamp of Bellatrix Exploration Ltd.’s balance sheet is expected to lead to a limited debt default, according to a top rating agency, capping off a five-year downward spiral...
- Tim Kiladze
Jul 14, 2020 · A recent decision in the Companies’ Creditors Arrangement Act (“CCAA”) proceedings of Bellatrix Exploration Ltd. (“Bellatrix”) serves as a useful reminder to professionals that a court-ordered charge may not be enough to ensure their fees will be paid at the end of the day.
Oct 28, 2019 · Bellatrix Exploration (BXEFF) has ended up restructuring only six months after it announced its recapitalization transaction. While that transaction pushed out its note maturities until 2023,...
Jun 4, 2019 · The Recapitalization Transaction reduced Bellatrix’s outstanding indebtedness by approximately CA$110 million, reduced annual cash interest payments by over CA$12 million annually until December 31, 2021, and addressed certain of the Company’s debt maturities such that Bellatrix no longer has any debt maturities in respect of non-revolving ...
People also ask
Will Bellatrix's restructuring lead to a debt default?
Will Bellatrix's debt be repaid?
Why is Bellatrix struggling?
Why was Bellatrix's appeal dismissed due to?
Apr 23, 2018 · Bellatrix has a $250 million USD 2020 debt maturity coming up that it may not be able to deal with.