Diamond Offshore bankruptcy triggers notes program credit event

By Caroline Salls

Pittsburgh, April 28 – A bankruptcy credit event occurred on Diamond Offshore Drilling, Inc.’s €5 billion structured note program in connection with the company’s Chapter 11 filing, according to a Tuesday notice from Danske Bank A/S.

The bank said the credit event will impact the notes program’s interest and final redemption amounts.

The credit event determination date was April 27.

The offshore oil and gas drilling contractor is based in Houston. The company filed bankruptcy on April 26 under Chapter 11 case number 20-32307.

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