Goodrich Petroleum Corp. said that it won't make an interest payments due next week as it looks to complete a debt exchange, Dow Jones Daily Bankruptcy Review reported today. The Houston-based company announced yesterday that it won't make the payment on three sets of bonds — $5.8 million on 2019 senior bonds, $4 million on 2018 senior secured bonds and $3.3 million on junior secured bonds — due March 15. Goodrich announced that it won't make another set of interest payments due April 1, adding that it's looking to do a debt-for-equity exchange but could have to file for bankruptcy to execute a deal.
