April 22 (Reuters) - Abraxas Petroleum Corp :
* ABRAXAS - ON APRIL 12, 2021, MORGAN STANLEY CAPITAL GROUP SENT NOTICE OF EVENTS OF DEFAULT, EARLY TERMINATION WITH RESPECT TO HEDGING CONTRACTS
* ABRAXAS PETROLEUM CORP - IN DISCUSSION WITH LENDERS SEEKING ADDITIONAL FORBEARANCE, WAIVERS OR AMENDMENTS TO COVENANTS OF REVOLVING CREDIT FACILITIES
* ABRAXAS - DO NOT ANTICIPATE THAT WE WILL MAINTAIN COMPLIANCE WITH SECOND LIEN CREDIT FACILITY TOTAL LEVERAGE RATIO COVENANT OVER NEXT 12 MONTHS
* ABRAXAS PETROLEUM CORP - INTEND TO ENTER INTO AN AGREEMENT WITH OUR REMAINING SWAP COUNTERPARTY FOR TERMINATION OF ALL OF OUR HEDGING CONTRACTS
* ABRAXAS PETROLEUM CORP - ON APRIL 16, RECEIVED NOTICE OF DEFAULT FROM ANGELO GORDON STATING THAT WE HAVE DEFAULTED UNDER SECOND LIEN CREDIT AGREEMENT
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* ABRAXAS - ON APRIL 12, 2021, MORGAN STANLEY CAPITAL GROUP SENT NOTICE OF EVENTS OF DEFAULT, EARLY TERMINATION WITH RESPECT TO HEDGING CONTRACTS
* ABRAXAS PETROLEUM CORP - IN DISCUSSION WITH LENDERS SEEKING ADDITIONAL FORBEARANCE, WAIVERS OR AMENDMENTS TO COVENANTS OF REVOLVING CREDIT FACILITIES
* ABRAXAS - DO NOT ANTICIPATE THAT WE WILL MAINTAIN COMPLIANCE WITH SECOND LIEN CREDIT FACILITY TOTAL LEVERAGE RATIO COVENANT OVER NEXT 12 MONTHS
* ABRAXAS PETROLEUM CORP - INTEND TO ENTER INTO AN AGREEMENT WITH OUR REMAINING SWAP COUNTERPARTY FOR TERMINATION OF ALL OF OUR HEDGING CONTRACTS
* ABRAXAS PETROLEUM CORP - ON APRIL 16, RECEIVED NOTICE OF DEFAULT FROM ANGELO GORDON STATING THAT WE HAVE DEFAULTED UNDER SECOND LIEN CREDIT AGREEMENT
Source text for Eikon: [ Further company coverage:
((Reuters.Briefs@thomsonreuters.com;)