Lenders engaged in protracted talks with Overseas Shipholding Group (OSG) about the company’s liquidity challenges have retained their own team of advisers.
Finance sources tell TradeWinds that the banks have brought in financial adviser Lazard and big-ticket law firm White & Case to handle discussions with the New York tanker owner, which has the challenge of replacing an existing $1.5bn revolving credit line with a $900m one in February.
The
