Noteholders flock to QGOG's early tender deadline

Noteholders flock to QGOG's early tender deadline

Brazil Bonds

Brazilian drillship operator QGOG Constellation said bondholders had tendered $603.1m, or 86.16%, of the company's outstanding $700m in 6.25% 2019s. The company is offering to swap the 2019s for a new 9.5% 2024 note, of which 50bp will be paid in kind - either in debt or stock, LatinFinance understands. Around a quarter of the principal will be paid back through amortization payments starting in November 2019, with a balloon at final maturity. Company assets, includ

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