We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Bridge of dollars

23 July 2007 By Cyrus Sanati

Just as credit markets are wobbling, the firms are extending a massive $15bn bridge loan to merging drillers Transocean and GlobalSantaFe. But earnings visibility and the potential for growth make this a safe bet. The combined company will generate plenty of cash to pay debt.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)