BRIEF-Pacific Exploration and Production Corp to commence proceedings in U.S. under Chapter 15 of U.S. Bankruptcy code

miércoles 27 de abril de 2016 11:13 GYT

April 27 (Reuters) - Pacific Exploration And Production Corp:

* Pacific announces filing under companies' creditors arrangement act in connection with its previously announced comprehensive restructuring involving Catalyst Capital and Pacific's noteholders and lenders

* Pacific Exploration And Production Corporation says filing entities will also be commencing appropriate proceedings in Colombia under law 1116

* Pacific Exploration And Production says filing entities will also be commencing recognition proceedings in us under chapter 15 of U.S. Bankruptcy code

* Company's bank indebtedness and indebtedness in respect of its senior unsecured notes will be restructured

* Expect regular payments will be made to all of pacific group's suppliers, trade partners, and contractors

* Filing entities are seeking appointment of Pricewaterhousecoopers Inc to monitor business, affairs of filing entities Source text for Eikon: Further company coverage: