What One Hand Taketh, the Other Giveth

Last week, Songa Offshore formally confirmed that it has delayed it offering of 7-year notes that it had launched on January 27th. The decision to delay the offering was the result of volatile market conditions, as well as the upcoming deadline of February 12th, after which 3rd quarter results would no longer be sufficiently current to access the capital markets. The company is in the process of preparing its year-end results and upon completion of the audit will determine whether to proceed with the offering after taking into account market conditions and investor feedback.

This is only an excerpt of What One Hand Taketh, the Other Giveth

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