Skipping Interest Payments is the New Black

SEC Filing: Foresight Energy LLC and Foresight Energy Finance Corporation elected to exercise the 30-day grace period with respect to the interest payment due under the indenture governing the Issuers’ 7.875% Senior Notes due 2021

Reuters: SandRidge Energy to skip some interest payments, talk with bondholders

Press Release: Venoco Elects Not to Make Interest Payment as It Discusses Possible Debt Restructuring With Secured Lenders

Dallas Morning News: Sports Authority employees told 25 Texas stores closing, including nine in D-FW

Press Release: Ultra Petroleum Announces 2015 Financial And Operating Results; Discloses Retention of Kirkland & Ellis LLP as Legal Advisor and Rothschild and Petrie Partners as Financial Advisors

Press Release: Seventy Seven Energy Inc. announces operational and financial results; says “strategic alternatives could potentially be consummated, without the consent of any one or more of our current security holders, through voluntary bankruptcy proceedings”

Bloomberg: The $1.47 Billion Problem Threatening Peabody’s Finances

Press Release: Argent Energy Trust Granted Initial Order Under The Companies’ Creditors Arrangement Act

Mergers & Acquisitions: Sears’ Liquidity Plan is Just ‘Treading Water’

Reuters: Kraken says significant progress made in MtGox bankruptcy bitcoin probe

Wall Street Journal: Increasing Disclosures Would Chill Claims Trading: Sharon Levine

Press Release: Bankruptcy Attorney Jonathan E. Aberman Joins Dykema’s Chicago Office

Cooley LLP: The Venture-Backed Company Running Out Of Cash: Fiduciary Duties And Wind Down Options

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