March 13, 2017 / 2:49 PM / 4 months ago

BRIEF-Chaparral Energy says court confirms co’s reorganization plan

1 Min Read

March 13 (Reuters) - Chaparral Energy Inc:

* Court confirms Chaparral Energy’s reorganization plan

* Chaparral expects to emerge from chapter 11 by end of this month

* Under confirmed plan, co's unsecured bondholders and general unsecured creditors will own 100 percent of company's ownership interest

* Plan received support from company's bondholders and lenders

* Expects to have liquidity in excess of $100 million upon emergence

* Upon emergence, co will also be governed by a new seven-member, independent board of directors Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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