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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (56313)	12/1/2015 10:02:57 PM
From: E_K_S	Read Replies (2) of 79147

RE: SFY - Swift Energy skips interest payment on some notes Swift Energy (NYSE: SFY) says it will not to make an $8.9M interest payment due on its outstanding $250M principal amount of 7.125% senior notes due 2017, even though it has sufficient liquidity to do so. SFY says the skipped interest payment, due Dec. 1, is not an event of default but would become a default if payment is not made within 30 days. The full article is below: Senior Notes Interest Payment and Continues Negotiations With Bondholder Group ---------------------------------------------------------- Those interest payments posted today will be reversed out by Friday. Look for some proposal for debt/equity swap in the next 30 days. EKS

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