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10 months ago
BRIEF-Cobalt International entered into debt exchange, financing transaction with participating Ad Hoc Group on Nov. 4 2016
November 7, 2016 / 11:38 AM / 10 months ago

BRIEF-Cobalt International entered into debt exchange, financing transaction with participating Ad Hoc Group on Nov. 4 2016

Nov 7 (Reuters) - Cobalt International Energy Inc :

* Cobalt international -on November 4, 2016 , co agreed to consummate a debt exchange and financing transaction with participating Ad Hoc Group

* Cobalt International -issuance and sale of $500 million of new first lien senior secured notes to noteholders comprising participating ad hoc group

* Cobalt international -issuance of second lien senior secured notes and 30.0 million shares of common stock to noteholders comprising participating ad hoc group Source text (bit.ly/2fvc1eE) Further company coverage:

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