Offshore oil rig/Credit: Red ivory/Shutterstock.com
Nostrum Oil & Gas is seeking to minimise the financial risks caused by COVID-19 disruption.
August 19, 2020 at 05:54 AM
1 minute read
Reporter
White & Case and Akin Gump Strauss Hauer & Feld are advising oil and gas company Nostrum Oil & Gas on a bond restructuring as it struggles with the financial implications of the COVID-19 crisis.
Nostrum Oil & Gas, which is listed on the London Stock Exchange, announced on Tuesday it would restructure 8% of its senior notes due 2022 and 7% of its senior notes due 2025.
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