Bonanza Creek to exit Chapter 11 reorganization Friday, list shares

By Susanna Moon

Chicago, April 27 – Bonanza Creek Energy, Inc. said it plans to emerge from Chapter 11 reorganization on Friday under its third amended joint pre-packaged plan that was confirmed on April 7 by the U.S. Bankruptcy Court for the District of Delaware.

Bonanza Creek has received approval to list its new common stock on the New York Stock Exchange after emerging from Chapter 11 under the same ticker symbol “BCEI” with Cusip 097793 400, according to a company announcement.

Upon emergence, the company said it will issue new common shares as well as warrants with the Cusip 097793 111 and existing shares will be canceled after the close of business on the effective date, with the new common shares and warrants issued at the time.

The Denver-based oil and natural gas company filed for bankruptcy on Jan. 4. The Chapter 11 case number is 17-10015.

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