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OFFON

ALTA MESA RESOURCES, INC.

(AMRQQ)
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First Amended Liquidation Plan Approved for Alta Mesa Resources, Inc. and its AMH and SRII Debtor Affiliates

05/27/2020 | 12:00am EST

The US Bankruptcy Court approved the first amended plan of liquidation of Alta Mesa Resources, Inc. and its AMH and SRII debtor affiliates on May 27, 2020. The debtor has filed its amended plan in the Court on May 24, 2020. As per the amended plan, general administrative claims, statutory fees, professional fee claims, priority tax claims, other priority claims and other secured claims will be paid full in cash. Prepetition secured AMH RBL claims of $32 million with a recovery rate of 51.3%, will be paid through pro rata share of 100% of the excess AMH distributable cash, AMR general unsecured claims of $840 will be recovered 80.4% and will be paid through pro rata share of AMR distributable cash, AMH general unsecured claims of $0.06 million with a recover rate of 4.3% will be paid through pro rata share of AMH GUC distribution cash, Prepetition AMH RBL Deficiency Claims will have a recovery rate of 0%, SRII General Unsecured Claims will be paid full in cash and Prepetition Senior Notes Claims of $0.51 million with a recovery rate of 0.4% will be paid through pro rata share of Prepetition Senior Notes distribution cash. Intercompany claims will be reinstated or cancelled, intercompany claims and AMH interest will be cancelled, SRII interests and AMR interest will be cancelled and holders will receive excess cash. The plan will be funded through cash in hand and sale of assets.


ę S&P Capital IQ 2020
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Financials (USD)
Sales 2019 481 M - -
Net income 2019 -451 M - -
Net Debt 2019 996 M - -
P/E ratio 2019 -0,01x
Yield 2019 -
Capitalization 0,77 M 0,77 M -
EV / Sales 2018 2,03x
EV / Sales 2019 2,08x
Nbr of Employees 151
Free-Float 47,7%
Income Statement Evolution
Managers and Directors
Mark P. Castiglione Chief Executive Officer
John H. Campbell President & Chief Operating Officer
James T. Hackett Executive Chairman
David Matthew Leuschen Director
Pierre Fernand Lapeyre Director
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