Daily News: August 15, 2012

Bloomberg: ATP Oil & Gas Gets Financing Before Possible Filing

ATP Oil & Gas Corp. is said to be arranging approximately $600 million in debtor-in-possession financing from Credit Suisse Group, ahead of a possible bankruptcy filing, a Bloomberg article reported.

The article said that ATP, an oil exploration company, has an $89 million interest payment due in November, and has been late with its production due dates as well as has faltered in its offshore oil developments.

The company’s first lien bondholders has hired Houlihan Lokey if there is a restructuring of the company, the article said.

To read the Bloomberg article in its entirety, click here.

Previously on abfjournal.com:

JPMorgan Agents $100 Million Revolver for ATP, Monday, April 26, 2010

Credit Suisse Arranges Refinancing of ATP Facility, Monday, March 26, 2007