Daily News: October 28, 2013

Bloomberg: Green Field Energy Defaults on Facility, Files for Bankruptcy


Bloomberg reported that Green Field Energy Services, an oil field service provider that defaulted on a facility with an affiliate of Royal Dutch Shell Plc, filed for bankruptcy in U.S. Bankruptcy Court in Wilmington, DE.

Bloomberg said Moody’s Investors Services wrote in a Sept. 9 report that Green Field Energy defaulted on principal payment on a credit facility with an affiliate of Royal Dutch Shell Plc, triggering a cross default on $250 million of senior secured notes.

To read the entire Bloomberg article, click here.