Swift Energy Company Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On January 5, 2016, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Swift Energy Company and its affiliates.

The filing was assigned docket number 57 and is described on the court’s official docket as follows:

Order [INTERIM – WITH REVISIONS] (I) Authorizing the Debtors to (A) Obtain Postpetition Financing on a Super-Priority, Secured Basis and (B) Use Cash Collateral, (II) Granting (A) Liens and Super-Priority Claims and (B) Adequate Protection to Certain Prepetition Lenders, (III) Modifying the Automatic Stay, (IV) Scheduling a Final Hearing, and (V) Granting Related Relief (Related Doc # [17]). Signed on 1/5/2016. (Attachments: # (1) Exhibit 1) (SJS)

Swift Energy Company filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 31, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-12670. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Swift Energy Company in the bankruptcy case.


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