Bruin E&P Exits Chapter 11 Bankruptcy, Converts Majority of Debt to Equity

Updated 1 year ago

Bruin E&P has completed a its restructuring process and emerged from Chapter 11 bankruptcy. The comprehensive balance sheet restructuring has converted a substantial majority of the company's funded debt to equity. The company also emerges with $230 million in revolver credit capacity. The new board of directors is comprised of Kevin Asarnow, Mark Bisso, Richard J. Doleshek, Mike Wichterich, and Matthew Steele.