Bankruptcy: ATP, DIP Lenders At Odds Over Budget, Look For Path Forward |
| June 14, 2013 | June 2013 Bond Updates |
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ATP Oil & Gas’ DIP lenders say they have reached an impasse with the company’s management over a budget for, in the first instance, maintaining the company’s operations pending the closing of the DIP lenders’ purchase of ATP’s Gulf of Mexico assets, and subsequently for the company’s post-closing wind-down, but despite escalating rhetoric on both sides, the extent to which the dispute at this time threatens the transaction itself is unclear. |
| View more at: http://www.forbes.com/sites/spleverage/2013/06/13/bankruptcy-atp-dip-lenders-at-odds-over-budget-look-for-path-forward/ |
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