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Debt Financing / Related, Restructuring / Reorganization, Bankruptcy / Related

Gulfport Energy Files For Bankruptcy

Published: 11/14/2020 18:14 GMT
Gulfport Energy Corp (GPOR) - Gulfport Enters Into Restructuring Support Agreement for Pre-arranged Plan of Reorganization to Reduce Debt by Approximately $1.25 Billion and Significantly Improve Its Cost Structure.
Obtains Commitment for $105 Million in New Money Debtor-in-possession Financing.
Gulfport Energy -secured $262.5 Million in Dip Financing From Existing Lenders,including $105 Million in New Money That Will Be Available Upon Court Approval.
Received a Commitment From Its Existing Lenders to Provide $580 Million in Exit Financing Upon Emergence From Chapter 11.