According to documents filed with the SEC, Penn Virginia entered into a restructuring support agreement by and among (i) the Debtors; (ii) lenders holding approximately 100% of the principal amount of the approximately $112.6 million in loans outstanding under the Debtors’ senior secured reserve-based revolving credit facility and (iii) holders of approximately 86% of the principal amount of the Debtors’ $1,075 million in outstanding senior unsecured notes. T
he Company and certain noteholders have been engaging in discussions regarding, among other things, a restructuring of an amended and restated construction and field gathering agreement and various related agreements entered into in connection therewith.”
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