Crude Oil Brokers Scam Blog
Tuesday 6 October 2020
Transocean’s efforts to avoid bankruptcy could lead to a default
The world’s largest owner of deep-water oil rigs recently engineered a bond swap to trim some of its $9 billion debt load and ease the crunch caused by slumping energy prices. But other creditors say the transaction amounts to a default because it pledges assets that Transocean already promised to them. More »
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