Sept 13 British oilfield services group Expro
International Group Ltd will be controlled by four lenders,
including KKR & Co LP and Goldman Sachs Group Inc
, as part of a financial restructuring, Sky News reported.
The lenders, which also include hedge fund Highbridge
and Park Square Capital, will exchange their debt for
equity, giving them a controlling stake in the company,
according to Sky News. bit.ly/2ctWtb1
Confirmation of the news could come as soon as the end of
next week, Sky News said, citing sources.
Expro was not immediately available to comment.
(Reporting by Aishwarya Venugopal in Bengaluru)