OTC MKTS: BBEPQ

Restructuring

BACKGROUND

On May 15, 2016, Breitburn Energy Partners LP and certain of its affiliates (Breitburn) voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code to facilitate the restructuring of its balance sheet. 

On October 11, 2017, Breitburn filed its Plan of Reorganization (Plan) and proposed Disclosure Statement (Disclosure Statement) related thereto with the Bankruptcy Court.  On December 1, 2017, the Bankruptcy Court entered an order approving the Disclosure Statement.  Copies of the Plan and Disclosure Statement, as have been updated from time to time, are available for review at the following link:

https://cases.primeclerk.com/breitburn/Home-DocketInfo?DocAttribute=2846&DocAttrName=PlanDisclosureStatement

The Bankruptcy Court will hold a hearing to consider confirmation of the Plan on January 11, 2018.

Any party in interest wishing to obtain information about the solicitation procedures should contact our Voting Agent Prime Clerk at (855) 851-7887 (or (917) 258-6103 for international callers).

Breitburn expects to continue its operations without interruption, and cash from its operations, cash on hand, and a $150 million debtor-in-possession financing facility (DIP Financing Facility) will provide Breitburn with more than adequate liquidity to fund its operations during the restructuring process.

Hal Washburn, Chief Executive Officer, said, “During the restructuring process, we will continue managing our business and operating our assets as we do today.  Cash from our operations, cash on hand, and cash available under the DIP Financing Facility will provide us with more than sufficient funds to operate our business during the restructuring process.  We look forward to working with our service providers, suppliers, vendors, customers, and partners to ensure that Breitburn emerges from the restructuring process a stronger company.”

PRESS RELEASES

Please visit the “News” tab on Breitburn’s website [Click Here] for a complete list of all Breitburn press releases.   

SEC FILINGS

Please visit the "Investor Relations - SEC Filings" tab on Breitburn's website [Click Here] for a complete list of all Breitburn SEC Filings.

FREQUENTLY ASKED QUESTIONS

ADDITIONAL INFORMATION

Additional information, including court filings, regarding Breitburn’s restructuring and the claims bar date is available at https://cases.primeclerk.com/breitburn or by contacting Breitburn’s notice and claims agent toll-free at 855-851-7887 (alternatively, 917-258-6103 for international callers) or by email at breitburninfo@primeclerk.com.

LOCATION TO FILE PROOFS OF CLAIM

Breitburn Energy Claim Processing Center
c/o  Prime Clerk
 830 3rd Avenue, 3rd Floor
 New York, NY 10022