Welcome to
The Brink
. I’m
Constantine Courcoulas
, a reporter in London where I’m following the collapse of UK energy services provider Petrofac. We also have news on a long-awaited legal test regarding creditors’ rights to organize, a distressed CMBS takeover, and record trading gains at Deutsche Bank’s distressed desk. Follow
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Sudden Demise
When Petrofac told investors in mid-October that it was making “very good progress” toward restructuring its balance sheet, it seemed like things were finally looking up for the beleaguered energy-services company.
A lock-up ...