When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
LGCY - Legacy Reserves: Digging Into Its Restructuring
Legacy Reserves
On June 14, the management team at Legacy Reserves (LGCY) revealed details of its restructuring activities, ranging from what precisely should happen to various stakeholders to how the firm will finance operations and what the next few years for the oil and gas E&P (exploration and production) firm might look like. While current shareholders in the firm appear to be walking away with nothing, senior note holders will walk away with a tiny piece of the business, but the majority of it will be owned by GSO, the company’s second-lien investors.