Swift Energy allows rejection claimants to participate in DIP loan

By Caroline Salls

Pittsburgh, March 24 – Swift Energy Co. filed revised debtor-in-possession financing syndication procedures to allow holders of rejection claims to participate in the DIP facility, according to an 8-K filed Thursday with the Securities and Exchange Commission.

Under the revised procedures, the record date for syndication is March 9 for existing senior noteholders and rejection claimholders.

The syndication process will expire at 5 p.m. ET on March 28.

Swift Energy is a Houston-based developer, explorer, acquirer and operator of oil and gas properties, with a focus on oil and natural gas reserves onshore in Texas and Louisiana and in the inland waters of Louisiana. It filed for bankruptcy on Dec. 31 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 15-12670.

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