Energy company Warren Resources Inc.(Photo: KOTKOA | THINKSTOCK)
DENVER BUSINESS JOURNAL - Warren Resources Inc., which recently moved its headquarters to Denver, said it's going
to skip paying a $7.5 million semi-annual interest payment that was due today.
The Denver energy company said it had the liquidity to make the payment, but is going to take advantage of a 30-day grace period on the payment and has hired a financial adviser to discuss "restructuring of its balance sheet, and has initiated restructuring discussions with representatives of the creditors under its first and second lien credit facilities."
Read more from the Denver Business Journal: http://bit.ly/1NMDGiC.
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Energy company Warren Resources Inc. (Photo: KOTKOA | THINKSTOCK) CONNECTTWEETLINKEDINCOMMENTEMAILMORE DENVER BUSINESS JOURNAL - Warren Resources