15 Apr 2021director interest notice● Neutral
Lonestar Resources US Inc. Chief Accounting Officer Jason N Werth acquired 30,000 shares and disposed of 2,576 in a set of related equity transactions.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Apr 2021director interest notice● Neutral
Lonestar Resources US Inc. director Andrei Verona acquired 28,000 shares and disposed of 4,200 in a set of related equity transactions.
15 Apr 2021director interest notice● Neutral
Lonestar Resources US Inc. VP - Geoscience Jana Payne acquired 30,000 shares and disposed of 2,385 in a set of related equity transactions.
15 Apr 2021director interest notice● Neutral
Lonestar Resources US Inc. director Richard Alan Burnett acquired 28,000 shares and disposed of 4,200 in a set of related equity transactions.
12 Apr 2021substantial holder notice● Neutral
B- disclosed a new substantial Lonestar Resources US Inc. shareholding (5.90% of votes).
9 Apr 2021substantial holder notice● Neutral
Kruco, LLC, William R. Kruse, William T. Kruse reported a Lonestar Resources US Inc. shareholding of 1,404,699 shares (14.00% of votes) in a periodic institutional filing.
16 Feb 2021substantial holder notice● Neutral
Loomis, Sayles & Co., L.P. disclosed a new substantial Lonestar Resources US Inc. shareholding (17.59% of votes).
11 Feb 2021substantial holder notice● Neutral
Hotchkis and Wiley Capital Management, LLC OF A, Hotchkis and Wiley High Yiled Fund OF ABOVE PER disclosed a new substantial Lonestar Resources US Inc. shareholding (8.16% of votes).
3 Feb 2021substantial holder notice● Neutral
Kruco, LLC, William R. Kruse, William T. Kruse disclosed a new substantial Lonestar Resources US Inc. shareholding (8.50% of votes).
11 Dec 2020director interest notice● Neutral
Gary D Packer became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
11 Dec 2020director interest notice● Neutral
Andrei Verona became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
10 Dec 2020director interest notice● Neutral
Thomas Eric Long became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
10 Dec 2020substantial holder notice● Neutral
CEC GP, LLC, CEC Fund III GP, LLC, Chambers Energy Capital III, LP, J. Robert Chambers reported no remaining Lonestar Resources US Inc. shareholding in its periodic institutional filing.
10 Dec 2020director interest notice● Neutral
Richard Alan Burnett became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
9 Dec 2020substantial holder notice● Neutral
Lisa Matlin disclosed a new substantial Lonestar Resources US Inc. shareholding (5.76% of votes).
9 Dec 2020substantial holder notice● Neutral
David J. Matlin disclosed a new substantial Lonestar Resources US Inc. shareholding (19.10% of votes).
8 Dec 2020director interest notice● Neutral
David J Matlin became a Lonestar Resources US Inc. 10%+ owner and company insider (initial ownership filing).
1 Dec 2020business combination● NeutralMajor
The plan took effect on November 30, 2020 and the company emerged from chapter 11. All old equity interests were cancelled, and the 11.25% senior notes obligations were discharged under the plan. The bank debt was replaced by an amended credit agreement with Citibank: a revolver of up to $225 million (initial borrowing base $225 million) and a $60 million term loan, both maturing November 30, 2023. Warrants over 555,555 shares (Tranche 1) and 555,555 shares (Tranche 2) at $0.001 were issued to bank lenders, and a registration rights agreement was signed with holders of the new common stock. This resolves the bankruptcy thread. The filing text provided is truncated, so board, new share counts and other details are not covered here.
19 Nov 2020quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $32.1 million and a net loss of $34.8 million for the period ended 2020-09-30.
19 Nov 2020quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $32.1 million and a net loss of $34.8 million for the period ended 2020-09-30.
17 Nov 2020late filing notice▼ Bad
Lonestar Resources US Inc. notified the SEC that its quarterly report would be filed late.
13 Nov 2020bankruptcy or receivership▼ BadMajor
On November 12, 2020 the bankruptcy court confirmed the prepackaged chapter 11 plan filed September 30. Existing common stock is to be cancelled and holders get a pro rata share of 1% of the new equity, diluted by the 8% management plan and the lenders' 10% warrants; noteholders get 96% and Series A-1 preferred 3%. This resolves the confirmation thread, though the plan only takes effect on the effective date.
27 Oct 2020listing compliance notice● NeutralMajor
Lonestar Resources US Inc.'s exchange filed to remove a class of its securities from listing.
7 Oct 2020listing compliance notice▼ BadMajor
On October 1, 2020 Nasdaq said it will suspend trading of the company's stock at the open on October 12, 2020 because of the chapter 11 filing, and it also cited the earlier equity and minimum-bid-price shortfalls. The company will not appeal and intends to apply for OTCQX quotation, with no assurance that it will be quoted.
1 Oct 2020bankruptcy or receivership▼ BadMajor
On September 30, 2020 Lonestar and certain subsidiaries filed voluntary chapter 11 cases in the Southern District of Texas (Houston), along with the prepackaged plan contemplated by the September 14 restructuring support agreement. The filing is an event of default on the Citibank credit agreement and the 11.25% notes indenture, though enforcement is automatically stayed, and the company continues to operate as debtor-in-possession.
15 Sept 2020material agreement▼ BadMajor
On September 14, 2020 the company signed a restructuring support agreement with some bank lenders and noteholders for a prepackaged chapter 11 plan. Noteholders would get 96% of the new equity, existing Series A-1 preferred (held by Chambers) 3%, and existing common stockholders only 1%, all subject to dilution from an 8% management plan and warrants for 10% of the new equity going to bank lenders. All existing common and preferred stock would be cancelled, general unsecured creditors would be paid in full, and bank lenders would receive new exit loan facilities (the revolving piece at least $152 million). The plan targets filing by September 30 and taking effect no later than December 1, 2020.
10 Sept 2020substantial holder notice● Neutral
William R. Kruse, Deborah L. Kruse reported a Lonestar Resources US Inc. shareholding of 229,765 shares (0.90% of votes) in a periodic institutional filing.
1 Sept 2020material agreement● Neutral
On August 21, 2020 the noteholders and the bank lenders each extended their forbearance to the earlier of September 11, 2020 and the signing of a global restructuring support agreement. This continues the debt standoff that began with the missed July 1 interest payment and does not itself resolve it.
20 Aug 2020listing compliance notice▼ BadMajor
On August 17, 2020 Nasdaq told the company it fails the $10 million minimum stockholders' equity rule, as the Q2 2020 10-Q showed equity of negative $30.2 million. There is no immediate effect on listing, and the company has until October 1, 2020 to submit a plan to regain compliance.
17 Aug 2020quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $17.2 million and a net loss of $40.6 million for the period ended 2020-06-30.