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BRIEF-Ultra Petroleum completes in-court restructuring, emerges from Chapter 11

Published 2017-04-12, 11:41 a/m
© Reuters.  BRIEF-Ultra Petroleum completes in-court restructuring, emerges from Chapter 11
UPLCQ
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April 12 (Reuters) - Ultra Petroleum Corp UPLMQ.PK :

* Ultra Petroleum successfully emerges from in-court restructuring

* In support of its plan of reorganization, Ultra raised $2.98 billion in exit financing in order to pay creditors

* In connection with its emergence from Chapter 11, company is issuing 195.0 million shares of new common stock

* Common stock is anticipated to begin trading on NASDAQ at opening of trading on April 13, 2017, under ticker symbol "UPL"

* Has been approved to list newly-issued common stock on NASDAQ global select market

* Has added Neal Goldman and Alan Mintz to board as new independent, non-executive members Source text for Eikon: Further company coverage: UPLMQ.PK

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