This chapter explores the Chapter 11 bankruptcy of Pioneer Energy Services, detailing its debt reduction plan and potential equity for creditors. It also examines Puerto Rico's recent developments in debt adjustment efforts and the legal challenges faced by the Oversight Board amid ongoing court deliberations.
The Americas Core Credit team at Reorg takes a look back at the past week and previews what's to come in the week ahead, and members of the Covenants team discuss the effect of declining PV-10 values and pandemic bonds related to coronavirus.
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