Denbury Resources (DNR) files voluntary petitions for reorganization under Chapter 11 of Bankruptcy Code

Go back to Denbury Resources (DNR) files voluntary petitions for reorganization under Chapter 11 of Bankruptcy Code

Denbury Resources Enters into Restructuring Support Agreement for Pre-packaged Plan to Strengthen Its Balance Sheet and Reduce Debt by $2.1 Billion

July 29, 2020 8:00 AM EDT

Intends to File Voluntary Chapter 11 Petitions to Implement Financial Restructuring

Receives Committed DIP and Exit Financing of up to $615 Millionto Support Continued Operations in the Normal Course

PLANO, Texas, July 29, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced that it has entered into a Restructuring Support Agreement (the RSA) with funded debtholders holding 100% of revolving credit facility loans, approximately 67.2% of second lien notes and approximately 70.8% of convertible notes for a... More