Triangle USA Petroleum filed with the U.S. Bankruptcy Court a notice of filing of Amendment No. 1 to its backstop commitment agreement.
The notice states, “Pursuant to the Amendment, the Backstop Commitment Agreement has been amended to (a) remove Southeastern Asset Management, as a party thereto and a Backstop Investor thereunder and (b) add Franklin Advisors, as investment manager on behalf of certain funds and accounts, and Canyon Capital Advisors, on behalf of its participating funds and accounts, as parties thereto and Backstop Investors thereunder. The Amendment does not amend any of the substantive terms of the Backstop Commitment Agreement, which shall continue in full force and effect except as modified or amended by the Amendment.”
Read more oil & gas bankruptcy news.