Post Tagged with: "Ticker: BCEI"

Bonanza Creek Shares Drop as Company Elects Not to Make Interest Payment

Bonanza Creek Shares Drop as Company Elects Not to Make Interest Payment

Bonanza Creek has sufficient cash to make payment, but chooses to maintain liquidity

Denver-based Bonanza Creek Energy (ticker: BCEI) announced that it will not make the scheduled payment on its $500 million 6.75% senior notes due in 2021. The company …

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Bonanza Creek Elects Not to Make Interest Payment, Suspends Asset Sale

Bonanza Creek’s situation continues to sour

The situation for Bonanza Creek Energy (ticker: BCEI) continues to worsen, as the company announced Monday as part of its second quarter press release that it will not make a scheduled interest payment on …