January 13, 2021 |
Holders of large amounts of YPF bonds have retained two law firms to form a committee to block the Argentine state-backed energy company's proposal to restructure $6.2 billion in notes, saying they want to negotiate better terms.
The unnamed bondholders have retained Philadelphia-based Dechert and London-based DLA Piper to advise the Ad Hoc YPF Bondholder Committee, which has already reached out to the company.
The committee wants to "engage constructively with the company on next steps," accord
Creditor committee wants to negotiate better terms for a $6.2 bln swap