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General

Oi bondholders form new group

Monday 14 November 2016 | 16:38 CET | News
Law firm Dechert announced that a majority of Oi's bondholders represented by the Moelis group have formed a new group to push their claims against the Brazilian operator. According to a statement distributed by Dechert, the new group is made up of several investment firms, holding more than USD 1.5 billion worth of face value of debt from the Oi group. The purpose of the group is to reach a consensus on the restructuring of the company, through a fair and balanced treatment of the rights of bondholders, according to the lawyers. The selection of a financial advisor for the group is underway.

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Categories: General
Companies: Oi
Countries: Brazil
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