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Rooster Energy Bankruptcy Stipulation Filed

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Rooster Energy’s affiliates Cochon Properties and Morrison Well Services filed with the U.S. Bankruptcy Court a second stipulation by and between Angelo, Gordon Energy Servicer, Rooster Energy, Cochon Properties and Morrison Well Services.

The stipulation notes, “On October 11, 2017, the Debtors filed the Stipulation Extending Expiration Date of the Final DIP Order [Docket No. 491] extending the Expiration Date from September 29, 2017 through and including the earlier of (a) notice of the occurrence of an Event of Default or (b) October 31, 2017, at 4:00 p.m. (Central Time), unless extended by written agreement of the Debtors and the Administrative Agent, in its discretion but at the direction of the Requisite Holders.”

In addition, “The Debtors and the Administrative Agent, at the direction of the Requisite Holders, hereby stipulate and consent to an extension of the Expiration Date from October 31, 2017 through and including the earlier of (a) notice of the occurrence of an Event of Default or (b) December 31, 2017, at 4:00 p.m. (Central Time), unless extended by written agreement of the Debtors and the Administrative Agent, in its discretion but at the direction of the Requisite Holders.”

Read more Rooster Energy bankruptcy news.

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