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Joele Frank handles Denbury Resources as a Texas court approves its pre-packaged bankruptcy plan to restructure its balance sheet to eliminate $2.1B in debt.
The Plano, TX oil and gas company filed for Chapter 11 due to soft energy prices/demand, negative impact of COVID-19 and heavy debt.
The company focuses on the Gulf Coast and Rocky Mountain regions and specializes in retrieving reserves from mature fields with its carbon dioxide enhanced oil recovery operations.
CEO Chris Kendall expects Denbury to emerge from Chapter 11 in mid-September as a stronger business with significant financial flexibility.
Joele Frank, Wilkinson Brimmer Katcher’s Andrew Siegel, Michael Freitag and Andrew Squire represent Denbury.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
Houston’s Dancie Perugini Ware PR represents Fertitta Entertainment as it takes Caesars Entertainment private in a $17.6B cash deal. 
