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Tuesday, January 21, 2014

OGX Holders Advised by Barclays to Inject More Cash for Swap

Have been following developments in the OGX case since the bankruptcy filing.  The case was reported to have been the largest in South American history.  Considering its size and other factors, the case has been quiet.

Based on limited coverage by the press in the past few weeks, a debt-for-equity swap offer made on Christmas Eve seems like a pretty quick clean-up of a messy situation.  Will the creditor body find it acceptable?  

For more, see: 

http://www.bloomberg.com/news/2014-01-15/ogx-bondholders-advised-by-barclays-to-inject-more-cash-for-swap.html#disqus_thread









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