Pure fuel producer Gulfport Power information for chapter


© Reuters.

(Reuters) – explorer and producer Gulfport Power Corp (O:) filed for Chapter 11 chapter on Friday, changing into the newest to succumb to weak crude costs as COVID-19 pandemic crimps gasoline demand.

In an announcement on Saturday, Gulfport mentioned it has secured $262.5 million in debtor-in-possession financing from its present lenders beneath its revolving credit score facility, together with $105 million in new cash that might be obtainable upon court docket approval.

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