February 26, 2021 |
Mexican hotel operator Grupo Posadas has ended discussions with Rothschild & Co because the financial advisory firm no longer represents a "meaningful counterparty" in debt restructuring talks, a source close to the talks told LatinFinance.
When Posadas initiated talks to restructure its 7.875% 2022 bonds in June 2020, Rothschild said it represented an ad-hoc group that held almost 40% of the outstanding notes. Since then, bondholders have either left the group or sold the notes, and Rothsch
Mexican hotel operator ends discussions with Rothschild as ad-hoc group shrinks to represent holders of less than 25% of 2022 bonds