Portuguese rig owner secures emergency financing in Texas Ch11
LaForta's 'La Muralla IV' rig in the Gulf of Mexico
A drilling rig owner based in Madeira has won interim Chapter 11 relief in Texas after claiming it has likely over US$1 billion in secured debt and an uncertain path to realising value from its sole asset.
To read more
Subscribe to Global Restructuring Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now