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Prospect News home > News index > List of issuers D > Headlines for Denbury Resources Inc. > News item
Published on 7/2/2020 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P drops Denbury

S&P said it downgraded the ratings for Denbury Resources Inc., its second-lien notes and subordinated notes to D from CCC+, B and CCC- respectively.

Denbury skipped the $8 million interest payment on its 6.375% senior convertible notes due in 2024.

“The downgrade reflects our view that DNR will not make the $8 million interest payment on its 6.375% senior convertible notes due in 2024 within the 30-day grace period while the company continues discussions with its debtholders,” S&P said in a press release.


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