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Cash-strapped O&M firms caught in a bind
Financing from traditional markets and private equity hard to come by
Add BT as a preferred sourcePublished Fri, Jul 3, 2015 · 09:50 PM
Singapore
CASH-STRAPPED offshore and marine (O&M) companies with looming debt repayments are caught between a rock and a hard place as investor sentiment towards them stay dampened despite the recovery of oil prices from their lows.
These firms are seen as not safe enough for the traditional capital markets, yet are not distressed enough for private equity (PE) to happily swoop in.
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