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Aug 29, 2024 | 
ionanalytics.com | Fabíola Gomes |Aline Lima |Ben Miller
News (Intelligence) A group of Azul bondholders has hired PJT Partners as financial advisor and Cleary Gottlieb as legal advisor, as the Brazilian airline undergoes efforts to improve its capital structure, according to two sources familiar with the matter.
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Mar 20, 2024 | 
ionanalytics.com | Fabíola Gomes |Aline Lima |Lucy Monteiro |Ben Miller
Light and its domestic and international bondholders are close to reaching an agreement regarding the share price to be used to convert debt into equity under its restructuring proposal, which had been one of the main obstacles in the negotiations, according to two sources close to the matter.
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Feb 23, 2024 | 
ionanalytics.com | Aline Lima |Fabíola Gomes |Ben Miller
Holders of Gol‘s (D/D) USD 367m 8% senior secured 2026 bonds are working on an alternative debtor-in-possession (DIP) financing to present to the Brazilian airline, two sources close to the matter said. The DIP will likely amount to USD 950m and have a lower cost than the USD 950m DIP financing offered by the ad hoc group of holders of the secured 2028 bonds of Abra Group, the holding company for the operations of Gol and Colombia’s Avianca.
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Jan 9, 2024 | 
ionanalytics.com | Ben Miller |Lucy Monteiro |Fabíola Gomes
Light SA expects to reach an agreement with an ad hoc group of USD 600m 4.375% 2026 bondholders by the end of January, according to two sources close to the matter. For the power transmission subsidiary Light Energia, the energy provider is proposing a plan which includes a reverse auction and the exchange of bonds for new notes, the two sources said.
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Dec 14, 2023 | 
ionanalytics.com | Fabíola Gomes |Álvaro Ledgard |Arthur Almeida |Ben Miller
Brazilian chemicals firm Unigel requested a precautionary measure on 11 December from the Second Bankruptcy Court of Sao Paulo, citing the need to pursue mediation with creditors. Despite an initial rejection, the pre-bankruptcy protection was granted 14 December. Unigel reported approximately BRL 3.667bn (USD 743m) in debt in its petition.
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Oct 26, 2023 | 
info.debtwire.com | Aline Lima |Fabíola Gomes |Lucy Monteiro |Arora Vishal
Breaking News By Aline Lima, Fabiola Gomes and Lucy Monteiro Creditors of Unigel (C/CCC-) have started signing a non-disclosure agreement (NDA), as debt restructuring talks move forward, three sources close to the matter said.
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Oct 17, 2023 | 
info.debtwire.com | Fabíola Gomes |Aline Lima |Arora Vishal
Breaking News By Fabiola Gomes and Aline Lima Americanas’ new debt restructuring proposal has paved the way towards a final agreement with banks, but the Brazilian retailer still needs to hold additional discussions with international and domestic bondholders, three sources close to the matter said.
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Oct 13, 2023 | 
community.ionanalytics.com | Fabíola Gomes |Aline Lima
by Fabiola Gomes and Aline LimaAmericanas’ new debt restructuring proposal has paved the way towards a final agreement with banks, but the Brazilian retailer still needs to hold additional discussions with international and domestic bondholders, three sources close to the matter said.
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Oct 12, 2023 | 
info.debtwire.com | Aline Lima |Lucy Monteiro |Fabíola Gomes |Arora Vishal
Breaking News By Aline Lima, Lucy Monteiro and Fabiola Gomes Light is proposing to repay creditors with a combination of new bonds and equity, and warrants for additional equity for those contributing new money, three sources close to the matter said.
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Oct 10, 2023 | 
community.ionanalytics.com | Aline Lima |Lucy Monteiro |Fabíola Gomes
by Aline Lima, Lucy Monteiro and Fabiola GomesLight is proposing to repay creditors with a combination of new bonds and equity, and warrants for additional equity for those contributing new money, three sources close to the matter said. Discussions between the Brazilian power company and creditors will now revolve around the terms of this main framework, according to the three sources.
