Japan Drilling Company (JDC) is poised to receive financial support from Farallon Capital Management of up to 20 billion yen (US$186 million).
JDC declared in June 2018 that it had become insolvent, and since then the company has been working on a financial reorganisation plan.
The Japanese driller said Farallon and its affiliates will arrange finance of up to 20 billion yen to help JDC pay off certain reorganisation claims.
