Magnum Hunter Resources Corp. - 2015-12-15
Received approval for its debtor-in-possession financing, which provides for a senior and junior secured multi-draw term loan, on an interim basis. About $40 million has been made available, providing sufficient liquidity to fund its post-petition operations and continue operating in the ordinary course of business without interruption during its chapter 11 restructuring. PJT Partners LP is financial adviser. Kirkland & Ellis LLP is legal counsel. Alvarez & Marsal North America LLC is restructuring adviser.