Arsenal Resources Development LLC – Debtors Complete $361mn Debt-for-Equity Restructuring and Emerge from Bankruptcy (Again) with $230mn of New Liquidity

January 7, 2020 – The Debtors notified the Court [Docket No. 226] that their First Amended Joint Pre-Packaged Plan of Reorganization had become effective as of January 7, 2020. The Court had previously approved the Debtors’ Plan on December 19, 2019 [Docket No. 216]. On November 8, 2019, Arsenal Resources Development LLC and 16 affiliated…