BRIEF-Pacific Exploration And Production announces initial order in connection with comprehensive restructuring

Wed Apr 27, 2016 6:25pm EDT
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April 27 (Reuters) - Pacific Exploration And Production Corp

* Pacific announces initial order obtained under companies' creditors arrangement act in connection with its previously announced comprehensive restructuring involving Catalyst Capital and Pacific's noteholders and lenders

* Says initial order obtained under CCAA from court

* Says initial order authorizes filing entities to commence court supervised restructuring proceeding

* Says initial order approves U.S. $500 million DIP financing facility

* Pacific exploration and production says under initial order, Pricewaterhousecoopers has been appointed as monitor of co Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)