Bondholders and Egypt’s Orascom present plans to exchange outstanding notes for a 95% stake in the bankrupt Brazilian telecom
Tag: bankruptcy
Posted inDaily Brief
Oi asks to sell Timor Telecom stake
Canada’s Investel makes a $62m offer for the East Timor phone carrier
Posted inWeb Articles
Brazil’s Oi asks to sell Timor Telecom stake
Canada’s Investel makes a $62m offer for the East Timor phone carrier
Posted inDaily Brief
Oi appoints new CFO
Ricardo Martins replaces Flavio Guimaraes at the Brazilian telecom
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Oi bondholders reject restructuring plan
Creditors say they have to forgive almost $7bn in debt, while the equity holders stand to gain from write-offs and asset sales
Posted inDaily Brief
Oi asks bondholders to take cuts
Brazilian telecom also offers to sell assets and raise new capital to get out of $20bn in debt
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BNDES expands credit lines
Brazilian development bank earmarks $1.56bn for companies to buy assets from bankrupt businesses
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Creditors suggest Oi debt relief
Bondholders could agree to a five-year grace period and haircut on existing debt but they will seek an equity stake from the Brazilian telecom
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Oi downgraded after bankruptcy filing
Three rating agencies cut the Brazilian telecom after it filed for bankruptcy protection
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YPF settles with Maxus Energy
Argentine state-run oil company agrees to a pay a settlement and provide DIP financing for the US oil and gas explorer