April 14 (Reuters) - Pacific Exploration And Production
Corporation PRE.TO
* Board has resolved to negotiate a consensual restructuring
transaction involving Catalyst Capital Group Inc
* Company's operations continue as normal and without
disruption
* Engaged in extensive bid solicitation with participation
of ad hoc committee of noteholders
* Co, ad hoc committee, bank lenders, catalyst continue to
be engaged in negotiations to finalize restructuring terms
* Bid solicitation also included company's lenders under its
credit facilities
Source text for Eikon: ID:nCNWNkKTYa
Further company coverage: PRE.TO
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