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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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