Mudrick Among Creditors Fighting Lightstream Debt Swap Deal

Updated on
  • Hedge fund FrontFour also said to be opposed to the plan
  • Restructure proposal requires suppport of all creditors

Two of Lightstream Resources Ltd.’s unsecured bondholders are vowing to fight a debt-for-equity swap proposed by the Canadian oil producer, jeopardizing the company’s plan to stay afloat by cutting debt by $904 million.

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