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Dana Gas Names Advisers for $700 Million of Islamic Debt

  • ‘Restructuring may be easier than others’: Arqaam analyst
  • Dana Gas has $700 million in Islamic bonds due in October

Dana Gas PJSC named legal and financial advisers to assess options for about $700 million in Islamic bonds due in October, according to a person with knowledge of the situation.

Houlihan Lokey Inc. will serve as financial adviser and Squire Patton Boggs LLP will provide legal counsel, according to the person, who asked not be identified because the matter is not public. None of the companies commented.