MD America emerges from Chapter 11 on Thursday

Chicago, Dec. 24 – MD America Energy, LLC has emerged from Chapter 11, according to a press release on Thursday.

As previously reported, the company’s plan of reorganization was confirmed on Dec. 14.

A significant portion of the company’s debt has been converted into new equity in the company.

MD America has a new chief executive officer with the emergence, Mike Dye.

Paladin advised the process as chief restructuring officer and financial adviser and the company’s law firm was Porter Hedge LLP.

MD America Energy is a Fort Worth-based exploration and production company that filed Chapter 11 bankruptcy on Oct. 12 under case number 20-34966.

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