TOClub in Default, Talks Forbearance

Nov 16, 2011

Newland International Properties, the owner of troubled Trump Ocean Club Hotel & Tower (TOClub), on Tuesday missed its first $31.4m capital payment due on $220m in 9.5% 2014 bonds and is now asking debtholders to sign a forbearance to stop all debt outstanding from...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events

Poll

Will a strong dollar deter investors from LatAm bonds?

Vote