17 Oct 2019listing compliance notice▼ BadMajor
Grizzly Energy, LLC deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2019quarterly activities report● Neutral
Grizzly Energy, LLC reported quarterly revenue of $70.9 million for the period ended 2019-06-30.
19 Aug 2019quarterly activities report● Neutral
Grizzly Energy, LLC reported quarterly revenue of $70.9 million for the period ended 2019-06-30.
14 Aug 2019late filing notice▼ Bad
Grizzly Energy, LLC notified the SEC that its quarterly report would be filed late.
17 July 2019capital raising announcement● NeutralMajor
Emerged from its second Chapter 11 on July 16, 2019, converting to a Delaware LLC and renaming itself Grizzly Energy, LLC. It entered a new exit facility with Citibank as agent: a $65 million revolver, a $65 million Term Loan A and a $285 million Term Loan B.
17 July 2019listing compliance notice▼ BadMajor
Grizzly Energy, LLC deregistered its securities, ending its obligation to file reports with the SEC.
10 July 2019bankruptcy or receivership● NeutralMajor
The bankruptcy court confirmed the company's reorganization plan on July 9, 2019, targeting July 15, 2019 as the effective date. Afterward the company expected to be reorganized as a Delaware LLC named Grizzly Energy, LLC, with lenders receiving most of the new common stock.
9 July 2019material agreement● Neutral
Widened support for its restructuring plan to include holders of its second-lien notes, adding their backing to the bank lenders already on board.
15 May 2019quarterly activities report● Neutral
Grizzly Energy, LLC reported quarterly revenue of $70.9 million for the period ended 2019-06-30.
13 May 2019material agreement● NeutralMajor
Reached a Plan Support Agreement with lenders holding most of its revolving-credit and term-loan claims, agreeing to convert their debt into new common and preferred stock of the reorganized company - the second debt-for-equity swap in three years.
3 May 2019material agreement● Neutral
Amended its debtor-in-possession credit agreement to add new lenders to the bank group funding it through the second bankruptcy case.
9 Apr 2019substantial holder notice● Neutral
JPMORGAN CHASE & CO reported no remaining Grizzly Energy, LLC shareholding in its periodic institutional filing.
9 Apr 2019securities registration● Neutral
Grizzly Energy, LLC amended an already-effective registration statement.
8 Apr 2019securities registration● Neutral
Grizzly Energy, LLC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
5 Apr 2019bankruptcy or receivership● Neutral
Won a bankruptcy court order restricting large trades and worthlessness declarations in its common stock, a standard step to protect the company's tax-loss carryforwards during the case.
4 Apr 2019listing compliance notice▼ Bad
OTC Markets downgraded its common stock and warrants from the OTCQX tier to OTC Pink as an automatic consequence of the new bankruptcy filing.
1 Apr 2019bankruptcy or receivership▼ BadMajor
Filed Chapter 11 a second time on March 31, 2019, and sought court approval for a debtor-in-possession facility of up to $65 million of new money from Citibank, with $20 million available on an interim basis, plus a $65 million roll-up of existing revolver loans.
1 Apr 2019late filing notice▼ Bad
Grizzly Energy, LLC notified the SEC that its annual report would be filed late.
19 Feb 2019listing compliance notice▼ Bad
Received a second OTC Markets deficiency notice, this time because its common stock's market capitalization fell below the $5 million minimum required for its OTCQX tier.
14 Feb 2019substantial holder notice● Neutral
Silver Point Capital, L.P, Edward A. Mul&#, Robert J. O'Shea disclosed a new substantial Grizzly Energy, LLC shareholding (7.00% of votes).
14 Feb 2019substantial holder notice● Neutral
Contrarian Capital Management, L.L.C disclosed a new substantial Grizzly Energy, LLC shareholding (16.65% of votes).
5 Feb 2019listing compliance notice▼ Bad
Received an OTC Markets deficiency notice after its warrants failed to maintain a $0.10 minimum bid price, with until July 2019 to cure it.
4 Jan 2019substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a Grizzly Energy, LLC shareholding of 1,273,846 shares (6.30% of votes) in a periodic institutional filing.
31 Dec 2018debt financing▼ Bad
Drew down the last $17.1 million available under its credit facility, fully using its remaining capacity and leaving a cash balance of about $31 million.
10 Dec 2018material agreement▼ BadMajor
Borrowing base cut again to $682.4 million, leaving only about $21 million of liquidity; the company said it was pursuing property sales and exploring refinancing or restructuring options - distress signals barely a year after emerging from its first bankruptcy.
13 Nov 2018quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $85.5 million and a net loss of $32.1 million for the period ended 2018-09-30.
9 Nov 2018quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $85.5 million and a net loss of $32.1 million for the period ended 2018-09-30.
13 Aug 2018quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $66.4 million and a net loss of $32.1 million for the period ended 2018-06-30.
9 Aug 2018agm notice● Neutral
Grizzly Energy, LLC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
9 Aug 2018quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $66.4 million and a net loss of $32.1 million for the period ended 2018-06-30.