Ultra Petroleum Corp.
Description
Entered into an agreement with holders of approximately $556.4 million aggregate principal amount, or 79.5%, of its 6.875% senior notes due 2022 and approximately $267.1 million aggregate principal amount, or 53.4%, of its 7.125% senior notes due 2025 to exchange all of the old notes held by each supporting noteholder for new 9% cash / 2% PIK senior secured second lien notes due July 2024 and new warrants of the company entitling each holder thereof to purchase one common share of the company.