UPDATE 1-Samson Resources says may file for Chapter 11 bankruptcy

March 31, 2015 11:50 PM

53 0

March 31 (Reuters) - U.S. oil and gas producer Samson Resources Corp said in a filing on Tuesday that it might file for Chapter 11 bankruptcy protection if the company is unable to refinance its debt obligations.

The company, which was acquired in a $7.2 billion deal in 2011 by a team of investors led by KKR & Co, had a total debt of about $3.9 billion as of Dec. 31. (bit.ly/1G4fiuq)

Read more

To category page