Nord Stream 2 Enters Debt Restructuring Deal with Creditors ...Middle East

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Nord Stream 2 Enters Debt Restructuring Deal with Creditors
source : OILPRICE ( Middle East ) () 94
Nord Stream 2, the Switzerland-based company behind the gas pipeline project, has reached an agreement with its creditors to restructure its debt, a Swiss court in Zug said on Friday. Friday, May 9, was the deadline set by the court for Nord Stream 2 to restructure its debt and repay smaller creditors, or be declared bankrupt.  Bankruptcy was avoided thanks to the debt restructuring deal announced by the court today. Nord Stream 2, an $11-billion project to carry Russian natural gas from Russia to Germany via the Baltic Sea following the Nord…

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