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    EPEGQ   US2687851020

EP ENERGY CORPORATION

(EPEGQ)
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Fifth Amended Joint Reorganization Plan and Disclosure Statement Filed by EP Energy Corporation

07/13/2020 | 12:00am EDT

EP Energy Corporation, along with its affiliates, filed fifth amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on July 13, 2020. As per the amended plan filed, 1.125L notes claims shall receive its pro rata share of 100% of the new common shares, subject to dilution on the effective date solely by the EIP shares. On the effective date, the 1.125l notes indenture will be cancelled, released, and extinguished and will be of no further force or effect except as set forth herein, whether surrendered for cancellation or otherwise. Unsecured claims shall be discharged, cancelled, released, and extinguished and will not receive any distribution. Existing parent equity interests will be cancelled, released, and extinguished and will receive its pro rata share of $0.3 million in cash. EP Energy Corporation, along with its affiliates, filed a revised fifth amended disclosure statement in the US Bankruptcy Court on July 20, 2020. As per the disclosure statement filed, there is no change in treatment of any claim class. EP Energy Corporation, along with its affiliates, filed a modified fifth amended joint plan of reorganization in the US Bankruptcy Court on August 24, 2020. As per the plan filed, parent unsecured claims shall be paid in cash or shall be disputed in the ordinary course of business as if the bankruptcy has never commenced. There are no changes in the treatment of any other claim class.


ę S&P Capital IQ 2020
Stocks mentioned in the article
ChangeLast1st jan.
BIKE24 HOLDING AG 1.57% 20.1 Delayed Quote.0.00%
EP ENERGY CORPORATION 0.00%End-of-day quote.1,723.53%
All news about EP ENERGY CORPORATION
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2020EP ENERGY : Q2 2020 Financial Report
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More news
Financials (USD)
Sales 2019 901 M - -
Net income 2019 -943 M - -
Net Debt 2019 4 740 M - -
P/E ratio 2019 0,00x
Yield 2019 -
Capitalization 15,8 M 15,8 M -
EV / Sales 2018 3,64x
EV / Sales 2019 5,26x
Nbr of Employees 370
Free-Float -
Income Statement Evolution
Managers and Directors
Russell E. Parker President, Chief Executive Officer & Director
Kyle A. McCuen Chief Financial Officer, Treasurer & Senior VP
Alan R. Crain Chairman
Chad D. England Chief Operating Officer & Senior Vice President
Robert C. Reeves Independent Director