by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE
Independent Receiver appointed at the request of the senior lender, Carlyle Energy (NYC), to stabilize and bring into production shut-in and partially drilled/completed properties; conducted over 100 title opinions; investigated drilling, completion, operating...
by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE
Chief Restructuring Officer appointed at the request of equity sponsor, to direct the borrower with over $100 million in non-performing debt through a structured merger process into a larger drilling company platform; Addressed sales tax issues relative to sale of...
by ldc55 | Aug 23, 2024 | Marketing Agent Services, RESTRUCTURING & FIDUCIARY PRACTICE
Financial Advisor, Loan Compliance Auditor and Collateral Appraiser to Secured Lender; Investigated borrower’s compliance, or lack thereof, with loan covenants and other loan document provisions as Loan Compliance Auditor; evaluated affiliate transactions,...
by ldc55 | Aug 23, 2024 | Marketing Agent Services, RESTRUCTURING & FIDUCIARY PRACTICE
Independent Receiver appointed at the request of the Equity Sponsor, Falcon Investment (Boston), and their counsel, Andrews Kurth (Houston) to make the company’s assets ready for sale; subsequent to an involuntary petition, served as marketing agent to sell...
by ldc55 | Aug 23, 2024 | Marketing Agent Services, RESTRUCTURING & FIDUCIARY PRACTICE
Elected Chief Restructuring Officer pursuant to terms in loan agreement with Bank of America; evaluated operations, personnel, developed 13-week budgets by facility, set up VDR and served as marketing agent for non-core Oklahoma based facilities.