Lifelines Fray for Companies That Were on Brink Before Meltdown.

(Bloomberg) -- As credit markets around the world sputter and seize, distressed companies are watching financial lifelines that they were counting upon slip from their grasp. Bankrupt shale oil driller Alta Mesa Resources Corp. on Thursday said the firm that promised to buy some of its assets pulled out of that deal at the eleventh hour, citing the "perfect storm of factors" posed by the pandemic and the oil collapse. [Extracted from the article]