Stoneway files for bankruptcy

Stoneway files for bankruptcy

Bonds Debt Fixed Income Energy Electricity Latin America South America Argentina

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

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