Oro Negro Impetus bondholders OK extending liquidity proposal waiver

By Sheri Kasprzak

New York, April 8 – Oro Negro Impetus Pte. Ltd. received the approval of 99.57% of holders of its 11% first-priority senior secured bonds for the extension of a waiver date included in its bondholder liquidity proposal to April 22 from April 8, according to a notice from the company’s bond trustee, Nordic Trustee ASA.

Oro Negro Impetus, the ultimate parent and 2015 bondholders have been in talks with an information committee of 2015 bondholders and an informal committee of holders of Oro Negro Drilling Pte. Ltd.’s $725 million of 7˝% senior secured bonds issue 2014/2019.

The oil and gas services company is based in Alvaro Obregon, Mexico.

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