Templar Vitality Chapter Leaves Bank Lenders Deep Underwater

Personal-equity-backed oil-and-gas firm Templar Vitality LLC filed for chapter and mentioned it expects Bank of America NA and different top-ranking lenders to get better at most 21 cents on the greenback of the $426 million they’re owed. The Oklahoma Metropolis-based firm mentioned Monday it plans to unload its power belongings underneath an settlement with senior lenders. Backed by Ares Administration LLC, Bain Capital LP and different funding companies, Templar is the newest energy-sector chapter through which bank lenders backed by oil reserves would possibly get better…