Swift Energy emerges from bankruptcy

• Swift Energy (SFY) says it has emerged from Chapter 11 bankruptcy after restructuring its debt and selling off oil and gas property in Louisiana.
• SFY says it closed on its new $320M senior secured credit facility and on its $48.75M sale of Louisiana oil and gas assets to Texegy LLC.
• SFY took less than four months to work through its bankruptcy proceedings after filing on Dec. 31.