Penn Virginia hires advisors to explore strategic alternatives related to its capital structure

Penn Virginia Corp. (OTC Pink: PVAH) has retained financial advisors Jefferies LLC and legal advisors Kirkland & Ellis LLP to advise management and the company’s board of directors on strategic alternatives related to its capital structure.

No assurance can be given as to the outcome or timing of this strategic and financial review. Penn Virginia does not intend to make any further announcements concerning this process unless and until the company determines that disclosures are necessary or appropriate.

Penn Virginia Corp. is an independent oil and gas company engaged in the exploration, development, and production of oil, NGLs and natural gas in various domestic onshore regions of the US, with a primary focus in the Eagle Ford shale play in south Texas.

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