Energy XXI delays interest payment on unit

March 15, 2016 11:40 AM

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March 15 U.S. oil and gas producer Energy XXI Ltd said on Tuesday it had delayed paying the interest due on the debt of one of its subsidiaries, as it continues to work with advisers to slash debt.

Energy XXI said it was delaying interest payment due on March 15 on Energy XXI Gulf Coast Inc's debt, commencing a 30-day grace period.

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