Category: Bankruptcy Updates

Diamond Offshore Drilling Enters Comprehensive Restructuring Plan

Diamond Offshore Drilling entered into a plan support agreement with holders of more than 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will deleverage the company’s balance sheet.

A&M Serves as Restructuring Advisor to Superior Energy in $1.3B Debt-to-Equity Conversion

Alvarez & Marsal is serving as restructuring advisor to Superior Energy Services in the company’s recently approved Chapter 11 plan of reorganization, in which the company’s $1.3 billion in debt would be converted into equity and the company would emerge debt free.

Imperial Capital and Winter Harbor Advise SAExploration in Financial Restructuring

Investment banking company Imperial Capital and restructuring advisory firm Winter Harbor acted as financial advisors to SAExploration in the company’s Chapter 11 emergence and financial restructuring.