Denbury Resources (DNR) Halted, News Pending

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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