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Gulfport Cleared For Ch. 11 Plan Cutting $1.4B Of Debt

By Vince Sullivan ( April 27, 2021, 9:28 PM EDT) -- Bankrupt natural gas exploration company Gulfport Energy received court approval Tuesday in Texas for its Chapter 11 plan of reorganization that cuts its funded debt load by $1.4 billion and secures new post-bankruptcy financing of $580 million to provide new liquidity going forward....

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