Rex Energy Extends & Sweetens Offer to Refi Outstanding IOUs

Earlier this month Rex Energy offered to refinance its notes (i.e. IOUs) so the notes expire later, meaning they don’t have to cough up cash sooner to pay off the debt (see Rex Energy Offers to Refinance Outstanding IOUs). It pushes repayment out further, after (presumably) the market has turned and Rex is once again making a profit. Apparently Rex isn’t having much luck convincing its note holders to go for the deal–so they’ve decided to extend the time and sweeten the deal…

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