Daily News: February 27, 2015

Samson Working With KKR, Blackstone Restructuring Advisors

Reuters reported energy producer Samson Resources, owned by private-equity firm KKR, is working with restructuring advisers, as a sharp decline in oil and gas prices complicates its efforts to stem losses and handle its multibillion-dollar debt load.

According to Reuters sources, the company is working with law firm Kirkland & Ellis’s restructuring practice and Blackstone Group’s restructuring advisory group on options for dealing with its $3.8 billion in long-term debt.

To read the entire Journal article, click here.