In re Ultra Petroleum Corp., the Next Chapter: Bankruptcy Court Holds Make-Whole Premiums Allowed, Solvent Debtors Must Pay Interest at Contractual Default Rate

Mayer Brown partners Sean Scott and Aaron Gavant and associates Tyler Ferguson and Alexander Berk discussed the United States Bankruptcy Court for the Southern District of Texas’ most recent decision arising out of the Ultra Petroleum Corp. bankruptcy case and its rulings that (1) make-whole premiums are allowed by the Bankruptcy Code under appropriate circumstances and (2) a solvent debtor must pay post-petition interest at the contractual default rate under the Bankruptcy Code in an article available here.