Denver-based Sundance Energy and its affiliates, an onshore independent oil and natural gas company focused on the development of large, repeatable resource plays in North America, have successfully completed its financial restructuring and implemented its prepackaged plan of reorganization.
Sundance has emerged from Chapter 11 protection in a strengthened financial position having eliminated more than $250 million of funded debt obligations. Unsecured trade creditors will be paid in full in accordance with the prepackaged plan.
In accordance with the prepackaged plan, Sundance has emerged as a privately-held company and all prior existing equity interests have been cancelled.
