Endeavour International Corp., a Houston-based oil and gas company, filed for bankruptcy protection on Friday as part of a debt-for-equity swap with bondholders that will slash about $568 million in debt off the company's books, Dow Jones Daily Bankruptcy Review reported today. The chapter 11 filing comes after the company reached the terms of a restructuring pact with more than two-thirds of its bondholders, court papers said. The company has been negotiating with its bondholders for months, with the latest round of talks taking on renewed urgency after Endeavour skipped a $33.5 million interest payment on Sept. 2.
