Vanguard Natural Resources filed with the U.S. Bankruptcy Court separate emergency motions to continue until May 26, 2017 the May 16, 2017 final hearing to consider the Debtors’ D.I.P. financing motion and Disclosure Statement.
The financing continuation motion explains, “The Debtors continue to be engaged in discussions with the DIP lenders regarding the relief requested in the Debtor-in-Possession Financing Motion.” The Disclosure Statement continuation motion explains, “The Debtors continue to work with the steering committee of first lien lenders and their other creditor constituencies to document the terms and provisions of an acceptable plan and related materials. The Debtors believe that the adjournment of the hearing to consider approval of the disclosure statement will result in the filing of a plan acceptable to such parties.”
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