RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders
Considering the smooth choreography with which the involved parties have been acting - from the "Early Warning" PR, to the simultaneous granting of an unusually short Forbearance Agreement and notice of Chapter 11 intentions, to the restructuring support agreement signed today, I'd say that a deal is very much on the table, and probably has been for at least 6-9 weeks. The details probably evolve daily, but the broad strokes have been consistent, and the movements of each of the parties conform to a general agreement among them. So this script will probably reach the curtain sooner rather than later. Quick, like ripping off a Band-Aid!