Seeking Alpha

OGX Petroleum hires Blackstone in move toward debt restructuring

  • OGX Petroleum (OGXPY.PK) reportedly has hired restructuring bankers at Blackstone (BX) to provide financial advice, another step that might take the deeply indebted Brazilian company closer to a debt restructuring.
  • OGX creditors also are seeking specialized advice, as a group of 5-10 is in talks to hire an investment bank to advise them - Rothschild is said to be among the candidates - and a decision is expected to be made in a matter of days.
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Comments (1)
  • rv3lynn
    , contributor
    Comments (490) | Send Message
     
    They need to hire somebody that knows what they are doing and should start with a new reservoir engineer.
    14 Aug 2013, 10:35 PM Reply Like
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