Calgary, Canada
Bellatrix Exploration Ltd., founded in 2009, operated within the Energy sector, focusing on Oil and Gas. Headquartered in Canada, the company encountered significant challenges leading to an application for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) on October 2, 2019. This period marked a crucial phase in Bellatrix's history, as they sought legal protection from creditors while undergoing restructuring.
The company received a substantial $50.00M Post-IPO Debt investment on July 19, 2016, from National Bank Financial. However, Bellatrix's trajectory changed dramatically when Spartan Delta Corp. acquired nearly all its assets as part of a sale approved by the Court of Queen’s Bench of Alberta as of June 1, 2020, concluding its restructuring process under the CCAA. The acquisition transitioned Bellatrix's valuable oil and gas assets to new ownership, thereby closing its operational chapter.
