Defaulted Bond Holders Are Closer to Seizing Rig They Don’t Want

A trustee for investors holding $175 million in notes due in December called a default Friday after Oro Negro missed a $4.8 million coupon payment. Now, bondholders face a choice…

Full Story: http://www.bloomberg.com/news/articles/2015-10-19/defaulted-bond-holders-are-closer-to-seizing-rig-they-don-t-want

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