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Nine Point Asks Court To OK Free And Clear $250M Sale

Nine Point Asks Court To OK Free And Clear $250M Sale
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.

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Nine Point Hit With $157M Lien Suit, Says $250M Was Top Bid

Oil and gas company Nine Point Energy's pipeline provider has asked a Texas bankruptcy court to grant it a $157.1 million priority claim for unpaid bills at the same time Nine Point is asking permission to sell its assets to its secured creditors for a $250 million credit bid. ....

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As Bitcoin Goes Green, Investors Will Come - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


May 20, 2021
As companies like Ninepoint and Greenridge have demonstrated, Bitcoin is going green. And this will attract more institutional investors.
Ninepoint Partners, a Toronto-based investment firm managing $8 billion in assets, and Greenidge Generation, a New York-based power provider and bitcoin mining company, have each announced that they will be using carbon offsets to compensate for any carbon emissions resulting from their operations, signaling the growth of a significant new trend for the industry.
Carbon offsets allow companies like Ninepoint and Greenidge to pay for a reduction in carbon dioxide emissions somewhere else to compensate for any carbon emissions resulting from their own business practices. ....

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Nine Point Energy Gets OK For $20M DIP Loan, June Auction


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Nine Point Energy Gets OK For $20M DIP Loan, June Auction
Law360 (April 12, 2021, 1:36 PM EDT) Colorado-based oil and gas company Nine Point Energy got approval Monday for its Chapter 11 financing and auction process after telling a Delaware bankruptcy judge it had reached a compromise with creditors who said the sale was moving too fast.
Pumpjacks work in a field near Lovington, New Mexico. On Monday, oil and gas company Nine Point Energy got the green light for its Chapter 11 financing and auction process. (AP Photo/Charlie Riedel) At a brief virtual hearing, U.S. Bankruptcy Judge Mary Walrath approved Nine Point s debtor-in-possession financing and asset sale procedures after Nine Point s counsel said talks with shareholders and. ....

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