Energy Junk-Debt Deals Postponed as Falling Oil Saps Demand
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Two energy-related companies are postponing financings after a plunge in oil prices made their high-yield, high-risk debt more difficult to sell.
New Atlas, a newly formed unit of oil and gas producer Atlas Energy Group, put on hold a $155 million loan it was seeking to refinance debt, according to five people with knowledge of the deal, who asked not be identified because the decision is private. EnTrans International LLC, a manufacturer of equipment used in fracking, delayed selling a $250 million bond, according to three other people with knowledge of that transaction.