EPE Debt Capacity Refresher - Debtwire

EPE Debt Capacity Refresher

26 September 2017 - 12:00 am

EP Energy (EPE), an Apollo-owned E&P company, recently garnered attention from market participants interested in understanding the amount of additional secured debt the company is allowed to incur as well as where within the company’s capital structure such additional debt may sit. In response to these inquiries, Xtract Research undertook a review of EPE’s financial documents and uncovered that the company maintains significant optionality to prime, dilute or layer existing secured notes, including the ability to dilute its 1.5 lien notes. 


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