Actionable news
0
All posts from Actionable news
Actionable news in SGY: STONE ENERGY CORPORATION,

Stone Energy in Talks to Sell Appalachian Assets to Reduce Debt

Stone Energy Corp., an oil and natural gas producer that’s been in debt restructuring talks with note holders, said it’s negotiating to sell its Appalachian assets in a deal that could fetch $350 million.

The potential buyer isn’t related to the group of note holders, to which it has offered $150 million of sale proceeds, the Lafayette, Louisiana-based company said Tuesday in a filing. Other proceeds would pay down bank debt and provide working capital, according to the...


More