(Bloomberg) — Occidental Petroleum Corp. started reaching out to debt and equity investors about how to ease its $39 billion debt load after collasping oil prices cast doubt on plans to raise cash via asset sales.The oil giant hosted calls this week about ways to meet upcoming maturities, with participants that included investors who typically buy lower-rated debt, said people familiar with the matter. The talks, which were held after Occidental’s downgrade to junk this week, also covered plans to cut spending and conserve cash, said the people, who asked not to be named because the talks were private.Occidental management …read more
Source:: Yahoo Finance
