Monday, August 29, 2016

Bonanza Creek Energy Elects to Pay Interest on Its Senior Unsecured Notes

"[T]he Company has elected to pay interest on its senior unsecured notes due 2023. Interest on these notes was due on August 1, 2016, at which time the Company elected to not make the interest payment and enter into a 30-day grace period. By paying the interest within the 30-day grace period, the Company remains in compliance with its senior unsecured notes due 2023."
There's another (bigger) interest payment due on October 15th. The bonds are both still trading in the mid 40s.

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