Lupatech Brings Case to Investors

Lupatech Brings Case to Investors

Brazil Corporate & Sovereign Strategy

Lupatech is planning to meet its bondholders to pitch its restructuring plan approved last week, according to people familiar with the plan. The Brazilian oil parts manufacturer is visiting the US and Europe with advisor Bank of America Merrill Lynch. In the plan, holders of the $275m outstanding of 9.875% perpetual bonds – owed $298m including interest – would receive the right to subscribe ADRs representing one Lupatech common share and corresponding to 85% of the amount owed. They would also

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