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...Altice France has just over €20bn of secured debt and €4bn of riskier unsecured debt that does not have a direct claim on its assets....
...Another creditor said that repeated calls to enlarge a Signa Prime creditors’ committee had been ignored....
...The Basel Committee declined to comment. The future of AT1s have become a political issue across Europe since the Credit Suisse wipeout....
...of EG’s audit committee and a member of Asda’s board....
...The Body Shop collapsed owing almost £50mn to unsecured creditors, who face being left out of pocket, as the administrators pursue a company voluntary arrangement in a bid to keep the retailer’s shops open...
...The luxury brands are among more than 500 unsecured creditors to Matches, the ecommerce site bought by Mike Ashley’s Frasers group in December and which was placed in administration last month....
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...Ukraine’s international bondholders have formed a creditor committee ahead of a $20bn debt restructuring that Kyiv is aiming to negotiate by September, amid uncertainty over the arrival of funding to help...
...Arrival owes about £87mn to secured creditors, £2mn to preferential creditors, and a further £102mn to unsecured creditors, the document shows....
...Hundreds of unsecured creditors are expected to recover between 4 per cent and 8 per cent of their debts, or as little as 4p in the pound, according to the administrators’ proposals finalised this week....
...Holders of Ukraine’s sovereign bonds have formed a committee as Ukraine has said it plans to secure a restructuring by the middle of this year, in time to replace the two-year moratorium that expires in...
...Yet a series of creative financings led by Leiv Synnes, the chief executive parachuted in last year, have kept the company ahead of its creditors....
...“Prompt implementation of a debt restructuring agreement with bondholders is not only in Zambia’s interests, but the wider creditor community as a whole,” said a steering committee for the external bondholders...
...The next step should be for the New York State Senate finance committee to announce hearings on the proposed laws....
...Finally, China’s representatives in the Official Creditor Committee kiboshed an initial agreement between Zambia and its bondholders in part due to fears this would not leave enough room for a comparable...
...The bondholders’ committee said on Monday “it was not for official bilateral creditors to dictate debt terms to other creditors in circumstances where the government has confirmed comparability of treatment...
...Even after a recent uptick, an unsecured bond maturing in July of that year is trading far lower, at less than 50 cents....
...One person involved in the process said landlords and unsecured creditors, who are likely to be wiped out in the restructuring, may welcome Neumann’s appearance simply to shake up a process that has been...
...Beijing did not join Sri Lanka’s Paris Club creditor committee and surprised lenders by announcing last month that its Export-Import Bank of China had agreed preliminary terms to restructure its own loans...
...The committee also complained of “a significant lack of transparency” from government creditors about details of the terms that they offered Sri Lanka....
...But lawyers for Purdue, the Sacklers and the creditors committee, which includes individual claimants, have argued the full liability release is a condition for the Sacklers making any financial contribution...
...For Signa’s hundreds of creditors, it is now proving a problem....
...and the Comparability of Treatment principle as agreed with its Official Creditor Committee (the “OCC”), as confirmed in the Government’s press statement of 26 October....
...It has not, according to the Determinations Committee, the finance-industry group that’s in charge of these types of matters. The committee decided that on June 2. Then it decided again on June 8....
...Yet even with the adjustment, the Official Creditor Committee (OCC) did not bless the deal....
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