Gulf Keystone launches scheme; creditor votes scheduled for Sept. 22

By Caroline Salls

Pittsburgh, Sept. 2 – Gulf Keystone Petroleum Ltd. launched a scheme of arrangement in connection with its balance sheet restructuring, according to a company news release.

Holders of Gulf Keystone’s $250 million of 13% guaranteed notes due 2017 and $325 million of 6.25% convertible bonds due 2017 will vote on the scheme at meetings scheduled for Sept. 22.

The voting record date for scheme creditors is Sept. 20.

Gulf Keystone is a Bermuda-based oil and gas company operating in the Kurdistan region of Iraq.

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