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Sunday, 4 June 2017

Dana Gas appoints advisers for $700 mln sukuk restructuring –sources | Reuters

Dana Gas appoints advisers for $700 mln sukuk restructuring –sources | Reuters:

"United Arab Emirates energy firm Dana Gas appointed Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700 million sukuk maturing in October, sources said on Sunday. The company, which has been facing a cash shortage because of missed payments from its assets in Egypt and Iraq’s Kurdistan, announced in early May its intention to hold discussions with the sukuk holders. Dana and New York-listed Houlihan Lokey did not immediately respond to requests for comment."



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