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 (512) | 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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