Sabine Oil Gas, a Houston-based oil and gas exploration company, is relying on Joele Frank for PR counsel as it navigates Chapter 11 protection amid the ongoing oil price slump.
The company, feeling the squeeze from falling oil prices and substantial debt, filed for bankruptcy in New York federal court today, listing assets of nearly $2.5B and liabilities of $2.9B. That follows cost-cutting measures and asset sales amid the oil slump.
Joele Frank partner Michael Freitag and managing director Leigh Parrish in New York advise Sabine on the PR front. Michael Magilton is senior VP and CFO at Sabine.
Sabine president and CEO David Sambrooks said in a statement the company expects to continue operating as usual. " Undertaking this process provides an orderly path forward to better align the Company's balance sheet with changing market dynamics," he said.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Have a comment? Send it to 
No comments have been submitted for this story yet.