PetroQuest Energy – Seeks Approval for Exit Commitment Letter, Put Option Premium of 3% in New Equity

November 7, 2018 – PetroQuest Energy Firm requested Court authority to (i) assume the $50,000,000 Exit Facility Commitment Letter, dated as of November 6, 2018 and (ii) pay related fees and expenses (the “Commitment Expenses”) [Docket No.17]. The Debtors’ motion notes, “On November 6, 2018, as contemplated by the Restructuring Support Agreement, the Debtors entered…