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O&M equity: Eyes on banks' responses to haircuts

Corporate workouts will not move without lenders' support; banks stand to redeem themselves only if they choose wisely which entity to support

What is clear now is that highly leveraged offshore and marine entities cannot stay above water even after the terming out of their bank loans.


NEWS of two financially challenged listed offshore and marine (O&M) entities getting fresh equity injections buoys hopes that those still holding up three years into an industry downturn may make it to the light at the end of the tunnel....

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