2019 Senior Unsecured Notes Sample Clauses


2019 Senior Unsecured Notes. Debtor Penn Virginia is the issuer of certain senior unsecured notes (the “2019 Notes”) under that certain Third Supplemental Indenture, dated April 13, 2011, by and among Penn Virginia, as issuer, certain of Penn Virginia’s Debtor subsidiaries as guarantors party thereto (the “2019 Notes Guarantors”), and Wilmington Savings Fund Society (“WSFS”) as successor indenture trustee. The 2019 Notes bear an annual coupon of 7.25% which is payable on April 15 and October 15 of each year. The 2019 Notes are senior to the Debtors’ existing and future subordinated indebtedness and are subordinated to the Debtors’ secured indebtedness, including the RBL Facility, to the extent of the value of the collateral securing that indebtedness. The obligations under the 2019 Notes are fully and unconditionally guaranteed by the 2019 Notes Guarantors. The 2019 Notes mature on April 15, 2019. As of the Petition Date, approximately $300 million in principal and approximately $12 million in unpaid interest remained outstanding under the 2019 Notes.