PETITION

PETITION

Share this post

PETITION
PETITION
New Chapter 11 Filing - Toisa Ltd.
Copy link
Facebook
Email
Notes
More

New Chapter 11 Filing - Toisa Ltd.

Jan 30, 2017
∙ Paid

Share this post

PETITION
PETITION
New Chapter 11 Filing - Toisa Ltd.
Copy link
Facebook
Email
Notes
More
Share

Toisa Ltd.

  • 1/30/31 Recap: Bermuda-based operator of 19 offshore vessels servicing the oil and gas industry filed for chapter 11 bankruptcy to restructure its balance sheet amidst acceleration and demand notices from lenders (and, in one case, a ship seizure). With utilization rates down from 85% in 2014 to a scary 50% today and continued pressure project…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Petition LLC
Publisher Privacy ∙ Publisher Terms
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More