Sentences with phrase «holdout creditors»

Some $ 9.3 billion of the proceeds will be used to pay a group of holdout creditors, including four US hedge funds.

Macri moved quickly to resolve Argentina's outstanding debt to creditors, reaching a US$ 4.65 billion settlement which would see the largest remaining holdout creditors get 75 % of the outstanding amount on their full judgments.

Some big ones are: (a) whether the draft PROMESA legislation raises retroactivity issues that make it unfair to bondholders (including mutual funds and their investors) who may be subject to restructuring ex post without having had notice of that possibility ex ante; (b) relatedly, whether creating a bankruptcy - like restructuring process for Puerto Rico is bad for bondholders because it prevents holdout creditors from holding up restructuring negotiations, (c) how much oversight and sovereignty Puerto Rico should cede (for example, different stakeholders feel differently about the installation of an oversight board); (d) the extent to which austerity measures are feasible and should be imposed [fn1], and (d) and what substantive reforms should be put enacted going forward.

Two companies that guaranteed payments on Detroit bonds and were the last major holdout creditors in the case, Syncora Guarantee Inc [SYCRFS.UL] and Financial Guaranty Insurance Co [FGIC.UL], received options to develop parcels of land.

Only a small group of holdout creditors now remain.

Not exact matches

All of the accords still require approval from Argentina's Congress, which also needs to repeal a law that currently prevents the country from proposing terms to the holdouts that are better than those the nation offered creditors in earlier restructurings.

While it appears to bolster senior creditors» claims, holdouts could end up with a bigger haircut than they'd like.

The government of Macri's leftist predecessor, Cristina Fernández, sued Citi in local courts last year for making a deal with the holdout US creditors, whom she called «vultures.»

A similar agreement was reached eight years later with the Paris Club of creditor nations (the last remaining Argentine debt still in default besides bonds held by holdouts) on debt repayment totaling $ 9 billion including penalties and interest.