This post was originally published by The Texas Lawbook.

By Jeff Prostok

The oil and gas industry was already facing a squeeze before Saudi Arabia initiated a price war with Russia and the COVID-19 pandemic hit. But, with demand lower because of shelter-at-home orders and many worksites screeching to a halt, those oil and gas companies, or any economically distressed company, must take steps now to ensure that they have the capital and knowledge to last the next few months and beyond. (more…)

 

 

FOR IMMEDIATE RELEASE

Approved Reorganization Plan Effective as of Feb. 15, 2019

DALLAS, Feb. 20, 2019 – Acis Capital Management, L.P. and Acis Capital Management GP, LLC (collectively Acis) announced that their Plan of Reorganization (Plan) became effective Feb. 15, 2019, and that they have emerged from Chapter 11 as a privately held company owned and operated by former partner, Joshua N. Terry. The United States Bankruptcy Court in Dallas, TX, confirmed Acis’ Plan on Jan. 31, 2019.

The Plan proposes to pay creditors in full. Prior to bankruptcy, Acis was owned and controlled by Highland Capital Management, L.P. (Highland) and its affiliates. (more…)

 

 

FOR IMMEDIATE RELEASE

DALLAS, February 2, 2019 – Acis Capital Management, L.P. and Acis Capital Management GP, LLC (collectively Acis), a Securities and Exchange Commission (SEC)-registered investment adviser and collateralized loan obligation (CLO) manager with approximately $2 billion in assets under management, announced today that the United States Bankruptcy Court in Dallas has confirmed Acis’ Chapter 11 restructuring plan. Prior to bankruptcy, Acis was owned and controlled by Highland Capital Management, L.P. and its affiliates (collectively, Highland). (more…)