Diamond Offshore Heads For Bondholder Talks on Chapter 11 Plan

Bankrupt Diamond Offshore Drilling Inc. is working to finalize its new business plan as its continues negotiating with creditors, an attorney for the company says in a hearing Wednesday.

• Diamond expects to finalize the business plan this week, Robert Britton of Paul Weiss Rifkind Wharton & Garrisonsays
• Co. is in talks with advisers to a group of bondholders on terms of a non-disclosure agreement that will facilitate negotiations on a Chapter 11 exit strategy, according to a presentation given in the hearing
  • PREVIOUSLY: Diamond Offshore Creditors ‘Ready’ to Swap Debt for Shares
• The case is Diamond Offshore Drilling Inc., ...