Pampa Calichera Tries Consent Boost

Pampa Calichera Tries Consent Boost

Chile

Chile-based Sociedad de Inversiones Pampa Calichera is looking to move $494m in debt to controlling holding companies, says S&P, which as affirmed its BB- corporate credit rating and taken it off credit watch negative. Pampa has also solicited the consent from holders of its $250m bonds to upstream cash to controlling companies in order to service the debt. Pampa is requesting that bondholders allow an increase in its dividend payout to 90% of cash flow and permit the distribution of an extraord

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