Dana Gas PJSC named legal and financial advisers to assess options for about $700 million in Islamic bonds due in October, according to a person with knowledge of the situation.
Houlihan Lokey Inc. will serve as financial adviser and Squire Patton Boggs LLP will provide legal counsel, according to the person, who asked not be identified because the matter is not public. None of the companies commented.
Dana Gas, which produces most of its energy in Egypt and Iraq, announced plans to restructure the debt in May, saying it needed to focus on short to medium-term cash preservation. The United Arab Emirates-based energy producer is owed about $1 billion from Egypt and the self-governed Kurdish region in northern Iraq. Dana Gas ha…
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