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Sabine Oil & Gas plan confirmation order appealed by notes trustees
By Caroline Salls
Pittsburgh, Aug. 8 – The order confirming Sabine Oil & Gas Corp.’s second amended plan of reorganization drew appeals Monday from three indenture trustees, according to notices filed with the U.S. Bankruptcy Court for the Southern District of New York.
Specifically, 9¾% senior notes trustee the Bank of New York Mellon Trust Co., NA, 7¼% senior unsecured notes trustee Wilmington Savings Fund Society, FSB and 7½% senior unsecured notes trustee Delaware Trust Co. appealed the plan confirmation order.
The plan was confirmed on July 27, and a corrected order was filed on July 28.
As previously reported, the official committee of unsecured creditors appointed for Sabine’s Chapter 11 case appealed the confirmation order last week.
Formerly Forest Oil Corp., Sabine is an oil and gas company based in Houston that filed for bankruptcy on July 15, 2015. The Chapter 11 case number is 15-11835.
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