Rex Energy Chapter 11 plan accepted by majority of voting creditors

By Caroline Salls

Pittsburgh, Oct. 12 – Rex Energy Corp.’s plan of reorganization was accepted by a majority of voting creditors, according to a ballot report filed Friday with the U.S. Bankruptcy Court for the Western District of Pennsylvania.

Specifically, the plan was accepted by 110 holders, or 95.65% in number, of $511.76 million, or 95.43% in amount, of pre-bankruptcy second-lien claims, and was rejected by five holders, or 4.35% in number, of $24.52 million, or 4.57% in amount, of those claims.

The plan confirmation hearing is scheduled for Oct. 15.

Rex Energy is a State College, Pa., oil and gas exploration and production company. It filed for Chapter 11 on May 18 under case number 18-22032.

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