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El Paso Production obtains waiver from bondholders for SEC filings
Pittsburgh, July 9 - El Paso Production Holding Co., a subsidiary of El Paso Corp., received a waiver from the holders of its 7¾% senior notes due 2013 that extends the deadline for filing its annual and quarterly reports with the Securities and Exchange Commission to Dec. 31, according to a company news release.
The waiver agreement prohibits El Paso Production from certain affiliated party transactions of more than $100 million if the transactions would have a negative effect on the company's ratio of debt to proved reserves or debt to EBITDA.
El Paso is a Houston natural gas and related energy products company.
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