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BRIEF-Chaparral Energy emerges from chapter 11
March 21, 2017 / 8:16 PM / 8 months ago

BRIEF-Chaparral Energy emerges from chapter 11

March 21 (Reuters) - Chaparral Energy Inc -

* Chaparral Energy successfully emerges from chapter 11; company eliminates $1.2 billion of outstanding debt & approximately $100 million in annual interest expense

* Currently has more than $100 million in liquidity

* New capital structure includes cash on hand, reserve based lending facility with initial borrowing base of $225 million, additional $150 million term loan

* Co also received an additional $50 million in cash after issuing equity from a rights offering Source text for Eikon: Further company coverage:

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