OneCall in talks to rework $2 bln debt: Bloomberg

OneCall Corp is negotiating with its lenders to rework $2 billion in debt that could give lenders an ownership stake, Bloomberg reported. Proposals include swapping debt for equity, giving creditors control of One Call through a deal that could be executed in bankruptcy court, the story said. OneCall’s creditors include KKR and GSO, Bloomberg said. OneCall is backed by Apax Partners.