Coho Energy Emerges From Bankruptcy.Business Editors DALLAS--(BUSINESS WIRE)--March 31, 2000 Coho Energy, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CHOH CHOH Chesapeake and Ohio Canal National Historic Park (US National Park Service) ) announced that its Plan of Reorganization as filed in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Northern District of Texas, Dallas Division, became effective today. Pursuant to the Plan, the consummation of the new bank credit agreement and the standby loan agreement provided funds for the repayment of Coho's existing bank debt. The Company's 8 7/8% senior subordinated notes due 2007 were exchanged for 96% of the outstanding shares of a new common stock of Coho, with the existing shareholders receiving the balance. The new common shares issued as a result of the plan of reorganization are expected to trade on the Nasdaq Over the Counter market under the symbol CHOH as soon as possible. Coho Energy, Inc. is a Dallas-based independent oil and gas producer focusing on exploitation of underdeveloped un·der·de·vel·oped adj. Not adequately or normally developed; immature. oil properties and exploration in Oklahoma and Mississippi. For further information contact: Anne Marie O'Gorman at 972/774-8300. |
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