KCA Deutag - comment

The acquisition of KCA Deutag by Helmerich & Payne was completed on the 16th of January. H&P acquiring the outstanding equity successfully exits our shares in KCA Deutag. The bonds were also repaid at par. We have been holding debt and equity since buying the bonds pre-restructuring in September 2020, which were then split half/half into new bonds and equity. 

Tomás MannionKCA Deutag