Restructuring of the Year: Oi

Restructuring of the Year: Oi

This company completed a complex debt restructuring in a deal with is creditors that ended an 18-month impasse after the company defaulted on $20 billion in debt, including $10 billion in international bonds. After a marathon 15-hour final meeting, creditors overwhelming approved the plan, which marked the largest private sector restructuring in Latin America.

Please join me in congratulating Oi.