Few investors in the beleaguered energy industry have suffered more this year than those who purchased Samson Resources Inc.’s bonds, Bloomberg News reported yesterday. Owners of Samson’s $2.25 billion of unsecured notes maturing in February 2020 have seen the value of their investments shrink 95 percent in 2015 through Friday to half a cent on the dollar. Samson, majority-owned by private-equity firm KKR & Co., announced Aug. 17 it will file for bankruptcy by Sept. 16. The company will propose a reorganization that would leave some bondholders, including Blackstone Group LP’s GSO Capital Partners, with almost nothing and hand over control of the restructured business to a group of senior lenders including hedge fund Silver Point Capital LP and private-equity firm Cerberus Capital Management LP.
