KKR exploring second option to save fracking giant Samson

Henry Kravis’ firm KKR is pursuing two tracks as its fracking giant Samson Resoꦑ💫urces nears breaking its loan covenants.

The Post reported exclusively Monday that Samson was working on a restructuring plan that 💫would hand ownership to the second- most senior creditors in exchange for fresh capital in a prepackaged bankruptcy.

That group includes Cerberus Capital Management.

However, Kravis’ firm is also speaking to junior bondholders about a deal in which they would exchange their debt at a deep discount to be part of a new senior loan that wouldꦇ keep Samson out of bankruptcy.