April 9, 2021 |
Stoneway Capital Corp, an Argentine power generation company, is seeking bankruptcy protection in the United States as talks with bondholders to restructure its 10% $500 million 2027 bonds appear to have faltered, according to a filing to the US District Court for the Southern District of New York.
In its last press release on the restructuring efforts in September, Stoneway said a group of bondholders with a large quantity of the 2027s had agreed to support the restructuring.
The decision to fi
Argentine power company fails to reach agreement on restructuring $500 mln in outstanding bonds