- Bonanza Creek Energy (NYSE:BCEI) -7.7% AH after saying it will not make the interest payment due on Oct. 15 for $500M of 6.75% senior notes due 2021.
- BCEI now enters a 30-day grace period to make the bond interest payment, which also applies to any potential cross-default under the credit facility with respect to the payment.
- BCEI faced a similar situation in August, when it made a bond interest payment following a 30-day grace period.
Bonanza Creek Energy elects not to make interest payment
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Symbol | Last Price | % Chg |
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CIVI | - | - |
Civitas Resources, Inc. |