Edge Petroleum’s First Amended Joint Plan of Reorganization (Modified) is now effective, and the Company has emerged from Chapter 11 protection. As a result, all of the Company’s outstanding common stock and outstanding 5 3/4% Series A Cumulative Convertible Perpetual Preferred Stock have been cancelled. The Company also closed the previously-announced transaction pursuant to which Mariner Energy had agreed to purchase substantially all of the Company’s assets.
About Brandy Chetsas
Brandy L. Chetsas is editor in chief at Bankrupt Company News. She joined New Generation Research, Inc. in 1998. As Director of Strategic Content, she leverages 20+ years of communications and project management experience for the distressed investing sector--with particular expertise on corporate restructurings via Chapter 11. Brandy began her career writing for a law enforcement-related publication and teaching English courses at numerous colleges in the U.S. and abroad.