Expro Holdings US Inc., a U.K.-based oil and gas services provider that went through a massive leveraged buyout in 2008, has a plan to transfer equity to a new group of investors as it reorganizes in bankruptcy in the U.S.
The company filed for Chapter 11 protection in Houston Dec. 18. It plans to exit bankruptcy in 60 days with support from key lenders, and funding from investors including Angelo, Gordon & Co., Oak Hill Advisors LP and Elliott Management Corp.
The plan will give those and other firms equity in a new company, while current equity owners Goldman Sachs ...
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