KCAD delays early bird for pari passu bond consent

KCA Deutag, the Scottish offshore drilling contractor, has pushed back the early bird deadline for its request for consent for issuance of a pari passu high yield bond.

  • 18 Apr 2013

The initial deadline was Wednesday but this has been postponed to Monday, April 22. The final deadline was next Wednesday, April 24. Lenders will receive a 25bp consent fee.

KCAD hopes the consent request will allow it to issue a $500m-$600m high yield bond, which would sit pari passu ...

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