CHICAGO--(BUSINESS WIRE)--The majority of recent distressed debt exchanges (DDEs) in the energy space have provided limited interest relief to high-yield E&P companies, according to Fitch Ratings. In several cases, outside of the exchange transaction itself, additional secured debt was issued, increasing total cash interest costs. As the overall interest relief provided in these transactions was limited, in a lower-for-longer commodity price environment, further restructurings may be needed
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