SCP Finally Pursues Debt Agreement

SCP Finally Pursues Debt Agreement

Corporate & Sovereign Strategy

More than 10 years since defaulting on their dollar bonds, Argentina’s Sociedad Comercial del Plata (SCP) has been given court approval to submit an offer to creditors giving them more than 80% of the company, it says in a stock market filing. The holding company founded by the Soldati family, which had a 2004 bankruptcy protection agreement overturned on appeal in 2006, plans to submit two alternatives to holders of what local press reports say is $260m in bonds. A meeting is expected in the ne

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