Represented EV Energy Partners, L.P. through Bankruptcy Court
Client: EV Energy Partners, L.P.
Travis represented EV Energy Partners, L.P. and certain affiliates in their prepackaged Chapter 11 restructuring in the U.S. Bankruptcy Court for the District of Delaware. EVEP is headquartered in Texas and is a master limited partnership engaged in acquiring, developing, and producing oil and natural gas properties with approximately $640 million in funded debt obligations at the time of filing. Before filing for Chapter 11 to implement its restructuring, the company negotiated a restructuring support agreement with all of the lenders under its reserve-based revolving credit facility and holders of roughly 70 percent of its unsecured notes. This provided needed support for the restructuring of EVEP’s balance sheet. *