7 Sept 2016material agreement● Neutral
Midstates and its creditors further amended the bankruptcy Plan Support Agreement, revising second-lien noteholders' distributions and extending the plan-confirmation deadline as the case neared resolution.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Aug 2016director interest notice● Neutral
Amplify Energy Corp. EVP, CFO Nelson M Haight had 218 shares withheld for taxes on vesting stock.
12 Aug 2016quarterly activities report● Neutral
Amplify Energy Corp. reported a quarterly net income of $9.0 million for the period ended 2016-06-30.
6 July 2016material agreement● Neutral
Midstates and its creditors amended their bankruptcy Plan Support Agreement to push back key case deadlines, extending the timeline toward confirming the reorganization plan.
15 June 2016director interest notice● Neutral
Amplify Energy Corp. EVP Operations Mitchell G. Elkins had 531 shares withheld for taxes on vesting stock.
10 June 2016director interest notice● Neutral
Amplify Energy Corp. EVP, CFO and CAO Nelson M Haight had 439 shares withheld for taxes on vesting stock.
13 May 2016quarterly activities report▼ Bad
Amplify Energy Corp. reported a quarterly net loss of $179.3 million for the period ended 2016-03-31.
2 May 2016bankruptcy or receivership▼ BadMajor
Midstates and its operating subsidiary filed for Chapter 11 bankruptcy, having lined up a Plan Support Agreement with about 80% of first-lien lenders and 74-77% of second- and third-lien noteholders to back a pre-negotiated restructuring.
4 Apr 2016auditor change▼ Bad
Amid its deepening financial crisis, Midstates dismissed Deloitte & Touche as its auditor; Deloitte's prior reports had flagged substantial doubt about the company's ability to continue as a going concern.
23 Feb 2016listing compliance notice● NeutralMajor
Amplify Energy Corp.'s exchange filed to remove a class of its securities from listing.
16 Feb 2016substantial holder notice● Neutral
Rubric Capital Management, LLC, Steven A. Cohen reported no remaining Amplify Energy Corp. shareholding in its periodic institutional filing.
9 Feb 2016listing compliance notice▼ BadMajor
With cash reserves thin, Midstates drew the last $249 million available under its credit facility just as the NYSE moved to delist its shares after market capitalization fell below $15 million; trading was suspended.
4 Feb 2016substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 1,960,265 shares (18.10% of votes) in a periodic institutional filing.
2 Feb 2016substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 2,286,039 shares (21.10% of votes) in a periodic institutional filing.
25 Jan 2016substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 2,626,686 shares (24.20% of votes) in a periodic institutional filing.
19 Jan 2016substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 2,741,944 shares (25.30% of votes) in a periodic institutional filing.
11 Jan 2016substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 2,890,046 shares (26.50% of votes) in a periodic institutional filing.
17 Nov 2015substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 2,983,508 shares (27.50% of votes) in a periodic institutional filing.
5 Nov 2015quarterly activities report▼ Bad
Amplify Energy Corp. reported a quarterly net loss of $494.3 million for the period ended 2015-09-30.
20 Oct 2015debt financing▼ BadMajor
Midstates' credit facility was reaffirmed at a sharply reduced $252 million borrowing base, with lenders pre-clearing a further cut if a pending asset sale closed.
16 Oct 2015securities registration● Neutral
Amplify Energy Corp. filed the final prospectus for a registered offering.
16 Oct 2015securities registration● Neutral
Amplify Energy Corp. filed the final prospectus for a registered offering.
9 Oct 2015substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 3,116,520 shares (28.60% of votes) in a periodic institutional filing.
7 Oct 2015substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 3,254,756 shares (29.90% of votes) in a periodic institutional filing.
5 Oct 2015substantial holder notice● Neutral
R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 3,472,376 shares (31.60% of votes) in a periodic institutional filing.
2 Oct 2015debt financing▼ Bad
The companion registration for the other tranche of the same 2015 debt exchange: $524.1 million of 12% third-lien notes due 2020, the most deeply subordinated and highest-coupon layer of the restructured debt, swapped for registered notes on identical terms. It repeats the same going-concern warning as the second-lien prospectus filed the same day.
2 Oct 2015debt financing▼ Bad
Midstates registered a like-for-like swap of the $625 million of 10% second-lien notes due 2020 it had issued in May and June 2015 into identical SEC-registered notes - the housekeeping step owed to holders after that distressed debt exchange, not new money. The prospectus carried an explicit warning that if the company could not repay or refinance its debt it might be unable to continue as a going concern.
1 Oct 2015substantial holder notice● Neutral
Eagle Energy Production, LLC, Eagle Energy Operating Company, LLC, Eagle Energy Operating GP, LLC, Eagle Energy Company of Oklahoma, LLC, R/C IV Eagle Holdings, L.P, Riverstone/Carlyle Energy Partners IV, L.P, R/C Energy GP IV, LLC reported a Amplify Energy Corp. shareholding of 3,541,665 shares (32.20% of votes) in a periodic institutional filing.
19 Aug 2015listing compliance notice▼ BadMajor
Midstates fell further out of NYSE compliance on minimum market capitalization and stockholders' equity, triggering formal delisting procedures unless it submitted an acceptable recovery plan.
10 Aug 2015debt financing● Neutral
Midstates amended its credit facility to raise its equipment-leasing basket, a minor technical change.