Jasper Investments is transferring the Jasper Explorer drillship and a subsidiary called Jasper Drilling into a special purpose vehicle controlled by the company's bondholders that will own and operate the vessel. The maneuver comes after Singapore-based Jasper could not get waivers to its financial obligations from bondholders, leaving it in breach of its five-year $165 million senior secured bonds related to the ship.The special purpose vehicle, just called NewCo for now, would be a......
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