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Miller Energy Resources Files For Bankruptcy Against Apollo And Highbridge

A Texas based oil and gas drilling company Miller Energy Resources Inc., which operates in Alaska, petitioned for bankruptcy security on Thursday with a plan to hand control of the company to an offshoot of private-equity firm Apollo Global Management LLC and speculative stock investments Highbridge Capital Management LLC. Miller Energy petitioned for section 11 security in U.S. Bankruptcy Court in Anchorage and has a deal set up with junior loan specialists Apollo Investment Corp., some piece of private-equity monster Apollo, and Highbridge, the speculation administration arm of J.P. Morgan Chase & Co. Like various other autonomous oil-company executives who…

Aviation finance managers give lift to debt-heavy industry

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