Denver-based Warren Resources said lenders will swap $248 million they are owed for an 82.5%… In court papers filed in U.S. Bankruptcy Court in Houston, Denver-based Warren said lenders led by GSO Capital will swap $248 million they are owed for an 82.5% stake in the reorganized company. The investment firm has also agreed to provide it with a $130 million bankruptcy-exit loan and an additional $20 million to fund the chapter 11 case. Junior lender Claren Road Asset Management LLC, a struggling hedge fund owned by Carlyle Group, bondholders and Citrus Energy will divide among themselves the remaining 17.5% stake in the reorganized company. The restructuring pact, which requires court approval, will form the basis of Warren Energy’s chapter 11 plan. Warren, with about $230 million in assets and $545 million in debts, joins more than 80 North American oil and gas companies that have filed for bankruptcy […]