Swift Energy (ticker: SFYWQ) joined the 2015 group of oil and gas producers to file for bankruptcy on Dec. 31, making it the final oil and gas company to do so last year. Swift’s total debt amounted to $1.18 billion, comprised of $302 million in secured debt, and $875 million in unsecured debt.

Swift received U.S. bankruptcy court approval this week to borrow up to $15 million, giving the company time to negotiate a refinancing deal.  At the companies hearing in Wilmington, Delaware, lawyers stressed the importance of moving the Houston-base...


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