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News Breaks | | | | March 8, 2013 | | 06:17 EDT |  | NXY, CEO | Nexen wants to amend $4B of bonds and add Cnooc guarantee, Bloomberg reports
Nexen (NXY) is asking holders of almost $4 of bonds to amend the terms of the debt, allowing the company to remove some covenants and add Cnooc (CEO) as a guarantor, reports Bloomberg. Nexen, purchased by Cnooc for $15.1B, is seeking the consent from investors in eight securities worth $3.93B. Reference Link | |
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