Reevemark Advises Gulfport Energy on Chapter 11 Communications
Gulfport Energy Corp. engaged Reevemark to provide communications counsel for their bankruptcy filing.
Gulfport’s restructuring plan is designed to allow Gulfport to move through the restructuring process as expeditiously as possible. The restructuring will strengthen its balance sheet, significantly reduce its funded debt, and lower ongoing operational costs. Gulfport expects to eliminate approximately $1.25 billion in funded debt and significantly reduce annual cash interest expense going forward.
Reevemark is proud to work alongside Kirkland & Ellis LLP and Jackson Walker L.L.P., which are serving as legal co-counsel; Perella Weinberg Partners and its affiliate, Tudor Pickering Holt & Co., which are serving as financial advisors; and Alvarez & Marsal, which is serving as restructuring advisor. This is Reevemark’s second public energy restructuring assignment this year, after advising Chesapeake Energy on its restructuring process.
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