PDC Bondholders Push Back on Chevron Debt Swap Offer After Tie-Up

A substantial majority of PDC Energy Inc.’s bondholders say they won’t tender their bonds following the company’s acquisition by Chevron Corp. because the compensation for the swap is too low, according to people with knowledge of the matter. The noteholders organized earlier this week with help of the Credit Roundtable, an investor advocacy group. Barclays … Read more

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