Posadas checks out of restructuring talks

Posadas checks out of restructuring talks

Corporate & Sovereign Strategy Bonds Debt Fixed Income Funds Mexico United States Asset Management Coronavirus

Mexican hotel operator Grupo Posadas has ended discussions with Rothschild & Co because the financial advisory firm no longer represents a "meaningful counterparty" in debt restructuring talks, a source close to the talks told LatinFinance.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

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