Fri 01/07/2022 15:47 PM
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ION Geophysical has solicited proposals for a debtor-in-possession facility from investors, indicating it is considering filing chapter 11 bankruptcy, according to sources.

The provider of seismic data services and libraries to the offshore oil and gas industry said on Dec. 16, 2021, that its review of strategic alternatives has since “advanced to the stage where the company may implement one or more transactions to improve its capital structure and achieve a more stable financial
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