By Tyler Losier, Energy Reporter, Oil & Gas 360

Vanguard Natural Resources completes financial restructuring, emerges as Grizzly Energy
Vanguard Natural Resources, a Houston-based onshore energy company, has successfully completed its Chapter 11 financial restructuring process, emerging as a new limited liability company under the name Grizzly Energy.

According to the Houston Chronicle, this is the second time in two years that the company has successfully emerged from bankruptcy.

As part of the Chapter 11 process, Grizzly eliminated more than $500 million of secured debt from its balance sheet.

Source: Grizzly Energy

The company also entered into an amended and restated $65 million reserve-based revolving credit fac...


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