New Rumors - Good Newshttps://noticiaslogisticaytransporte.com/empresas/30/03/2016/rumores-apuntan-a-la-venta-de-pacific-exploration/76387.html
Rumors of the business world are pointing to a possible sale of the Colombian Pacifc Exploration & Production Corp . Companies Alfa or Tyrus Capital . The oil has not made comment.
Pacific Exploration is one of the most important oil worldwide, but in recent years its debt level has increased due to the drop in oil prices and the adoption of decisions that have not been successful. In fact, the company already announced a few weeks ago had economic problems .
Lack of liquidity has prevented Pacific able to meet its payment obligations of the interests of its bonds last January, which triggered rumors about his future.
Experts point to a possible purchase of Pacific by Alfa, which already owns 19% of the company, or by Tyrus Capital. Any of them could acquire Pacific through a debt for equity swap.
Another option that is being discussed is to obtain liquidity from Pacific Exploration in exchange for 10% of its capital.
Responsible for Pacific have declined to comment on the rumors, but have stressed that they are working to adapt the capital structure to the current situation.
----If they opt for the yellow highlighted option as metioned above...That is the best deal we can get..
Best of luck all!