Offshore Driller Support Co. Hits Ch. 11 With $124M Note Debt
Law 360 M&A
APRIL 13, 2022
Offshore drilling support company ION Geophysical Corporation filed for Chapter 11 protection in Texas, saying it plans on handing over the equity in the company to the holders of second-lien notes after it couldn't recover from a precipitous revenue decline in the wake of the COVID-19 pandemic.
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