Oil Industry’s Weakest Links Are Seeking Relief From Bondholders
Bond costs are spiraling as refinancing talks drag on
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Welcome to The Brink. We’re Edward Clark and Paul Burkhardt, reporters in London and Cape Town, following the troubles of the weakest oil companies. We also have news on Ukraine’s Metinvest, the latest legal challenge to Lars Windhorst and Eddie Bauer’s third bankruptcy. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Volatile oil prices are ravaging the energy industry’s weakest and smallest producers, leaving them to face looming bond maturities with depleted cash.