January 19, 2022 |
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
Argentine oil producer emerges from default after selling assets and refinancing an $80 mln loan