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Gasco Energy completes a financial restructuring


Published Oct 22, 2013
Gasco Energy

Gasco Energy, Inc. has completed a financial restructuring following a thorough evaluation of the Company's strategic alternatives, which included consideration of a sale of the Company or its assets, financial restructuring and reorganization under bankruptcy.

As previously disclosed by the Company, Gasco has been seeking to restructure or refinance its debt or sell assets to improve its liquidity position since mid-year 2012. During this period, the Company has operated without a credit facility, has been delisted from trading on the New York Stock Exchange and has missed two semi-annual interest payments totaling $2,484,240 on its outstanding convertible senior notes.

Tags: Gasco Energy




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