Sanchez Energy Corporation – Unsecured Noteholders Launch Broadside at DIP Financing from Pre-Petition First Lien Noteholders, Question Board Competency and Executive Compensation

August 13, 2019 – Certain holders of the Debtors' unsecured notes (the “Ad Hoc Group”) objected [Docket No. 74] to the Debtors' request for $350.0mn in debtor-in-possession ("DIP") financing on numerous grounds: accusing the Debtors of ignoring their pleas for a place at the pre-petition table; accusing the holders of the Debtors' 7.25% Senior Secured…