Altera secures interim financing as unsecured noteholders raise objections

Altera secures interim financing as unsecured noteholders raise objections

UK-headquartered oil and gas services provider Altera Infrastructure has secured a host of first day orders after filing Chapter 11 proceedings in Texas late last week, despite objections from a group of unsecured noteholders who say they will receive “virtually no recovery” under the group’s pre-packaged plan.

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