Diamond Offshore Approved for Creditor Vote on Bankruptcy Plan

摘要

Diamond Offshore Drilling Inc. got court approval to solicit votes for a restructuring plan that would swap debt for equity and pay unsecured creditors in full.Under the plan, holders of senior notes, totaling about $2 billion, would get 70% of new common stock issued for the company exiting bankruptcy. The remaining 30% would go to buyers in a private placement and separate rights offering.