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1 month ago | 
ionanalytics.com | Lucy Monteiro |Mariana Santibanez |Shirley Williams |Paul Gunther
Telefonica del Peru filed a voluntary restructuring proceeding before the National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI) on 24 February, according to court documents.
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Dec 4, 2024 | 
ionanalytics.com | Aline Lima |Lucy Monteiro |Ben Miller
Last-minute requests by steel conglomerate CSN in the discussions about the acquisition of InterCement’s operations led to the cement maker filing for bankruptcy protection late Tuesday (3 December), ahead of the deadline to obtain the support of the majority of creditors for an extrajudicial debt restructuring plan, according to two sources close to the matter.
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Sep 16, 2024 | 
ionanalytics.com | Lucy Monteiro |Aline Lima |Ben Miller
News (Intelligence) InterCement has filed for an extrajudicial debt restructuring in a Sao Paulo court, according to court documents. Soon after the filing, Judge Jomar Juarez Amorim granted the request, according to another court document.
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Aug 20, 2024 | 
ionanalytics.com | Lucy Monteiro |Aline Lima |David Orbay-Graves |Ben Miller
News (Intelligence) Abra Group has reached an agreement with global investment firm Castlelake to obtain a USD 1.3bn five-year secured loan to redeem its 2028 bonds, in connection with the Gol Linhas Aereas Inteligentes Chapter 11 proceeding, according to a document seen by Debtwire and two sources close to the matter.
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Jul 16, 2024 | 
ionanalytics.com | Lucy Monteiro |Ben Miller
News (Intelligence) Although Frigorifico Concepcion (B/B) told investors last week that its head of sales in Chile, Carlos Frederico, has not been the owner of the controlling shareholder of Frigorifico (Fricon) trading partner Betampex since 2017, public records show the opposite.
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Jun 20, 2024 | 
ionanalytics.com | Lucy Monteiro |Ben Miller
WOM, an ad hoc group of bondholders, and the unsecured creditors committee (UCC) have reached an agreement resulting in the ad hoc group’s withdrawal of its motion to dismiss the Chilean telecom’s Chapter 11 case. The agreement was announced during a hearing held today (20 June) before Judge Karen Owens of the US Bankruptcy Court for the District of Delaware.
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Jun 5, 2024 | 
ionanalytics.com | Clara Agustoni |Santiago del Carril |Lucy Monteiro |Ben Miller
News (Intelligence) Paraguay-based meatpacker Frigorifico Concepcion (B/B) has not been able to resolve creditors’ concerns regarding liquidity pressures and its relationship with certain trading partners, despite having received a clean opinion in its final audited 2023 financial statements, said three buyside sources and a lawyer following the matter.
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May 15, 2024 | 
ionanalytics.com | Aline Lima |Lucy Monteiro |Ben Miller
Unigel has gathered the support of creditors holding 50% plus one of the credits to be restructured needed to approve its extrajudicial restructuring plans, according to a source close to and a source familiar with the matter. The Brazilian chemical producer plans to submit new versions of the two debt restructuring plans by 21 May, according to a second and a third source close to the matter. A spokesperson at Unigel declined to comment on the matter.
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Mar 26, 2024 | 
ionanalytics.com | Lucy Monteiro |Ben Miller
Oi and its creditors have decided to postpone the vote on the debtor’s proposed restructuring plan to 10 April, after reaching a backstop agreement for part of its debtor-in-possession (DIP) facility, according to Bruno Rezende, one of the judicial managers acting in the case.
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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.
