Medanito picks up bond payment

Medanito picks up bond payment

Corporate & Sovereign Strategy Bonds Debt Fixed Income M&A Loans Argentina Oil Gas

Argentine oil company Medanito said it has made a payment on the remaining principal of a $20 million bond after reaching a restructuring deal last month with most of the holders of the 9.87% dollar-denominated notes, the latest step to restore its financial health. The Buenos Aires-based company said it made a partial payment on the bonds, without providing specifics in a securities filing. Medanito said it is committed to taking the "necessary" steps to pay off the bond, which it issued in Dec

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