10 May 2016director interest notice● Neutral
MAGNUM HUNTER RESOURCES CORP Co-Chief Executive Officer Joseph C Daches disposed of 687,416 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 May 2016director interest notice● Neutral
MAGNUM HUNTER RESOURCES CORP EVP & Chief Operating Officer Keith Yankowsky disposed of 2,000,000 shares via option/appreciation-right settlement.
10 May 2016director interest notice● Neutral
MAGNUM HUNTER RESOURCES CORP SVP Paul M Johnston disposed of 709,835 shares via option/appreciation-right settlement.
10 May 2016director interest notice● Neutral
MAGNUM HUNTER RESOURCES CORP Co-Chief Executive Officer Richard S Farrell disposed of 764,389 shares via option/appreciation-right settlement.
10 May 2016director interest notice● Neutral
MAGNUM HUNTER RESOURCES CORP EVP Hershal C Ferguson III disposed of 1,087,084 shares via option/appreciation-right settlement.
6 May 2016listing compliance notice▼ BadMajor
MAGNUM HUNTER RESOURCES CORP terminated the registration of a class of securities, ending its reporting obligation for them.
27 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended its automatic shelf registration statement.
27 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended its automatic shelf registration statement.
26 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended an already-effective registration statement.
26 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended an already-effective registration statement.
26 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended an already-effective registration statement.
26 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended an already-effective registration statement.
26 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended an already-effective registration statement.
26 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended an already-effective registration statement.
26 Apr 2016securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended an already-effective registration statement.
18 Apr 2016material agreement▼ BadMajor
Magnum Hunter's creditors filed a Third Amended Chapter 11 Plan of Reorganization and pushed back the bankruptcy case's confirmation and closing deadlines by about two weeks (confirmation hearing to April 18, consummation to May 3, 2016) - the reorganization process running slightly behind its original schedule but still on track toward emergence from Chapter 11.
16 Mar 2016late filing notice▼ Bad
MAGNUM HUNTER RESOURCES CORP notified the SEC that its annual report would be filed late.
2 Mar 2016material agreement● Neutral
Magnum Hunter's creditors filed a First Amended Chapter 11 Plan of Reorganization with the bankruptcy court, refining the restructuring terms first agreed in December 2015 - the reorganization process moving toward a confirmed plan.
20 Jan 2016debt financing▼ Bad
The Bankruptcy Court gave final approval to Magnum Hunter's up-to-$200 million DIP financing, and the company drew a second $100 million tranche - the largest single piece of the bankruptcy financing, keeping operations funded during reorganization.
21 Dec 2015debt financing▼ Bad
The Bankruptcy Court approved Magnum Hunter's debtor-in-possession financing on an interim basis, formalizing the DIP Credit Agreement that would fund the company through Chapter 11.
15 Dec 2015bankruptcy or receivership▼ BadMajor
Magnum Hunter and nineteen subsidiaries filed for Chapter 11 bankruptcy protection in Delaware, having lined up a Restructuring Support Agreement with its second-lien lenders and noteholders and debtor-in-possession financing to fund operations through reorganization - the culmination of two years of asset sales, covenant waivers, an auditor crisis and a failed price-driven credit crunch that began with the 2014-2015 oil price collapse.
2 Dec 2015debt financing▼ Bad
Magnum Hunter drew further on the uncommitted incremental term loan added under the November 2015 refinancing, continuing to lean on its restructured, creditor-controlled credit facility for cash.
30 Nov 2015listing compliance notice● NeutralMajor
MAGNUM HUNTER RESOURCES CORP's exchange filed to remove a class of its securities from listing.
30 Nov 2015listing compliance notice● NeutralMajor
MAGNUM HUNTER RESOURCES CORP's exchange filed to remove a class of its securities from listing.
30 Nov 2015listing compliance notice● NeutralMajor
MAGNUM HUNTER RESOURCES CORP's exchange filed to remove a class of its securities from listing.
30 Nov 2015listing compliance notice● NeutralMajor
MAGNUM HUNTER RESOURCES CORP's exchange filed to remove a class of its securities from listing.
20 Nov 2015debt financing▼ BadMajor
The distress spilled into Magnum Hunter's own captive midstream relationship: Eureka Hunter Pipeline (majority-owned by Morgan Stanley infrastructure funds since 2014) demanded $20.8 million in overdue gas-gathering payments from Triad Hunter and briefly shut in about 40 of Triad's West Virginia wells when the demand wasn't met, before a new letter agreement restored service - Magnum Hunter's cash crunch now threatening its own production.
16 Nov 2015listing compliance notice▼ Bad
Magnum Hunter's senior noteholders formally agreed via a forbearance and indenture amendment to allow the new $70 million refinancing facility - creditors giving covenant room rather than forcing default, but only as a stopgap.
9 Nov 2015quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $113.2 million for the period ended 2015-09-30.
5 Nov 2015debt financing▼ BadMajor
Magnum Hunter converted its revolving bank facility into a restructured term-loan facility held partly by its own senior noteholders and second-lien lenders (now acting as "New First Lien Lenders"), cash-collateralizing $39 million of letters of credit and taking a new $16 million term loan - creditors effectively taking direct control of the capital structure as the company neared default.