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Rex Energy says restructuring talks with noteholder have failed

Published 11/11/2016, 02:54 PM
Rex Energy says restructuring talks with noteholder have failed
REXXQ
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  • Rex Energy (REXX -11%) sinks after disclosing that restructuring talks with a current holder of its 1.0%/8.0% senior secured notes due 2020 have ended without an agreement.
  • Seeking Alpha contributor Dallas Salazar writes that Rex has substantially nothing of value to offer to second-lien noteholders to provide anything of further relief to its financials, and that the company likely will begin to negotiate with creditors and debtors in looking to an eventual prepackaged bankruptcy.

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