Chaparral Energy draft RSA raises post-petition sustainability concerns

Insight to Chapparal Energy.

E&P company Chaparral Energy filed for bankruptcy on Monday with a draft RSA in place. 

However, the debtor needs additional creditor support, and the post-petition capital structure put forth raises sustainability questions.

Legal Analyst Joshua Friedman and Distressed Analyst Denis Rudnev give a brief preview of the case ahead. Note that a first day hearing was set for 2PM EST in the afternoon this podcast was released.

This podcast was recorded on May 11, 2016

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