Brief: Rosehill Resources Inc And Rosehill Operating Company, Llc File Voluntary Bankruptcy Petitions

Rose Hill Acquisition

27/07/2020 12:13

July 27 (Reuters) - Rosehill Resources Inc  ROSEU.O :
    * ROSEHILL RESOURCES INC. AND ROSEHILL OPERATING COMPANY,
LLC FILE
VOLUNTARY BANKRUPTCY PETITIONS
    * ROSEHILL RESOURCES - COMMENCED VOLUNTARY CHAPTER 11 CASES
UNDER
U.S. BANKRUPTCY CODE IN U.S. BANKRUPTCY COURT FOR SOUTHERN
DISTRICT OF TEXAS
    * ROSEHILL RESOURCES - ENTERED INTO $17.5 MILLION JUNIOR
CONVERTIBLE SECURED DIP DELAYED-DRAW TERM LOAN FACILITY & USE
CASH COLLATERAL
    * ROSEHILL RESOURCES - EXPECTS DIP FACILITY WILL PROVIDE
SUFFICIENT LIQUIDITY TO MEET FINANCIAL OBLIGATIONS FOR CHAPTER
11 CASES DURATION
    * ROSEHILL RESOURCES - EXPECTS TO CONTINUE TO OPERATE
BUSINESS
DURING CHAPTER 11 CASES WITHOUT MATERIAL DISRUPTION TO VENDORS,
PARTNERS OR EMPLOYEES

Source text for Eikon:  ID:nGNX1vcc85 
Further company coverage:  ROSEU.O 

 ((Reuters.Briefs@thomsonreuters.com;))