12/31/2020 | DD | Approach Resources Chapter 11 liquidation plan effective Dec. 31
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12/16/2020 | DD | Approach Resources gets confirmation of Chapter 11 liquidation plan
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12/3/2020 | DD | Approach Resources receives sixth extension of exclusive plan periods
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11/10/2020 | DD | Approach Resources gets conditional approval of disclosure statement
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11/2/2020 | DD | Approach Resources files plan of liquidation, disclosure statement
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10/29/2020 | DD | Approach Resources seeks sixth extension of exclusive plan periods
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10/28/2020 | DD | Approach Resources gets 30-day extension of exclusive plan periods
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9/29/2020 | DD | Approach Resources seeks OK of KEIP payments following asset sale
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9/29/2020 | DD | Approach Resources plan milestones extended again by DIP lenders
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9/29/2020 | DD | Approach Resources seeks 30-day extension of exclusive plan periods
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9/14/2020 | DD | Approach Resources gets exclusivity extension to finalize negotiations
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9/4/2020 | DD | Approach Resources inks $115.5 million sale agreement with Zarvona
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7/27/2020 | DD | Approach Resources Chapter 11 plan milestones extended by DIP lenders
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7/24/2020 | DD | Approach Resources gets exclusivity extension following sale issues
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6/25/2020 | DD | Approach Resources plan and asset sale milestones extended by lenders
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6/2/2020 | DD | Approach Resources marks $526,000 April operating loss; revenue down
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5/28/2020 | DD | Approach Resources gets exclusivity extension amid issues with buyer
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5/6/2020 | DD | Approach Resources marks $2.38 million loss for March; revenue down
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4/8/2020 | DD | Approach Resources receives extension to close sale, finalize plan
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4/6/2020 | DD | Approach Resources marks $924,000 of operating income for February
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4/6/2020 | DD | Approach Resources asks court to enforce $192.5 million sale order
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4/1/2020 | DD | Approach Resources buyer looks to terminate $192.5 million agreement
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3/27/2020 | DD | Approach Resources’ deadline for submitting plan extended to April 2
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3/20/2020 | DD | Approach Resources’ deadline for submitting plan extended to March 26
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3/17/2020 | DD | Approach Resources requests extension to close sale, finalize plan
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3/10/2020 | DD | Approach Resources’ deadline for submitting plan extended to March 19
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3/4/2020 | DD | Approach Resources obtains court OK of $192.5 million asset sale
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3/2/2020 | DD | Approach Resources marks $1.7 million of January operating income
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2/24/2020 | DD | Approach Resources cancels auction, to seek OK of $192.5 million bid
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2/14/2020 | DD | Approach Resources DIP loan amended to modify plan, sale deadlines
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2/11/2020 | DD | Approach Resources $192.5 million stalking horse agreement OK’d
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2/5/2020 | DD | Approach Resources announces $192.5 million stalking horse bid deal
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2/3/2020 | DD | Approach Resources marks $882,000 operating loss for month of December
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1/29/2020 | DD | Approach Resources proposes dual-track key employee incentive program
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1/9/2020 | DD | Approach Resources bid procedures approved; auction set for Feb. 26
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12/13/2019 | DD | Approach Resources gets final court approval to access DIP financing
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12/12/2019 | DD | Approach Resources proposes bid procedures for sale of company assets
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11/22/2019 | BKCVDDEMHY | Prospect News reports two new defaults for week of Nov. 14-Nov. 20
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11/19/2019 | DD | Approach Resources moves to protect tax attributes, access financing
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11/18/2019 | DD | Approach Resources files Chapter 11 to explore strategic alternatives
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10/4/2019 | BKHY | Approach Resources credit agreement forbearance extended to Oct. 15
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7/22/2019 | BKDDHY | Approach Resources credit agreement forbearance extended to Aug. 21
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6/24/2019 | BKDDHY | Approach Resources credit agreement forbearance extended to July 22
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4/9/2018 | BKBWHY | Approach cuts debt by $127.1 million, plans to keep paying down debt
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12/29/2017 | HY | Outlook 2018: Surprise – there was no HY surprise in 2017 – but 2018 seems far from certain
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12/21/2017 | BK | Approach Resources extends revolver to 2020, reaffirms borrowing base
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4/25/2017 | BKDDHY | S&P ups Approach Resources to CCC+
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2/7/2017 | BKDDHY | Moody’s ups Approach Resources to Caa1
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2/3/2017 | BKCVDDEMHY | Prospect News reports five new defaults for Jan. 26-Feb. 1, S&P two
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1/30/2017 | HYLM | Approach Resources offers to exchange remaining 7% notes for stock
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1/30/2017 | BKDDHY | S&P downgrades Approach
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1/27/2017 | DDHYLM | Approach Resources issues 39.2 million shares in exchange for 7% notes, expects to swap remainder
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11/3/2016 | BKDDHY | S&P downgrades Approach
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11/2/2016 | HYLM | Approach Resources looks to exchange all 7% notes due 2021 for stock
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5/4/2016 | BK | Approach Resources modifies covenants, increases margin by 100 bps
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3/9/2016 | BKCVDDEMHY | S&P global speculative-grade default rate falls to 2.66% in January
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3/4/2016 | BKBWHY | Approach cuts debt by $18 million, ends Q4 with $177 million liquidity
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2/10/2016 | BKDDHY | S&P takes action on U.S. speculative-grade exploration & production companies
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1/22/2016 | BKCACVDDEMHYIGPF | Moody’s might lower mining, exploration and production companies
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1/11/2016 | DD | Market Commentary: Oil, commodity prices slammed; distressed energy bonds soften; Arch steady to lower
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7/27/2015 | BKDDHY | Moody’s lowers Approach notes to Caa1
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11/5/2014 | BK | Approach Resources amends pricing grid, lifts borrowing base
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5/8/2014 | BK | Approach gets $1 billion five-year revolver at Libor plus 150-250 bps
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1/24/2014 | BK | Approach Resources amends credit agreement to gain hedging flexibility
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11/8/2013 | BK | Approach Resources lifts facility's borrowing base to $350 million
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6/11/2013 | HY | Market Commentary: HudBay Minerals add-on prices; Emerald, downsized Quicksilver on tap; Exide stays busy
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6/10/2013 | HY | Market Commentary: Sanchez, Garda deals price as Warren postpones offering; Exide gyrates after bankruptcy filing
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6/7/2013 | HY | Market Commentary: InterGen, SemGroup, Jack Cooper price in $3.3 billion week; new bonds trade up; tone firms
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6/6/2013 | HY | Approach Resources talks $250 million eight-year notes to yield 63/4%-7%
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6/6/2013 | HY | New Issue: Approach Resources prices $250 million eight-year notes at par to yield 7%
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6/6/2013 | HY | Market Commentary: Hot Topic, Approach Resources price; Jack Cooper on tap; funds plunge by record $4.6 billion
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6/3/2013 | HY | Approach Resources starts roadshow for $250 million eight-year notes
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6/3/2013 | HY | Market Commentary: New month begins quietly as calendar builds; RBS does split-rated deal; overall market heavier
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6/3/2013 | BK | Approach Resources to pay down revolver debt with notes proceeds
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6/3/2013 | BKHY | S&P gives B- to Approach notes
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6/3/2013 | BKHY | Moody's rates Approach Resources notes B3
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5/3/2013 | BK | Approach Resources ups credit facility commitments to $315 million
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11/21/2012 | BK | Approach amends credit agreement to allow $400 million notes issuance
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5/18/2011 | CVHYPF | Approach Resources files automatic shelf for debt, stock, preferreds
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5/4/2011 | BK | Approach Resources amends, extends credit agreement with JPMorgan
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1/15/2010 | CVHY | Approach Resources files $150 million stock, preferreds, debt shelf
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4/13/2009 | BK | Approach Resources amends revolver, changing pricing, commitment fee
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1/23/2008 | BK | Approach Resources gets $200 million revolver
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