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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....
...In July, Mohsin appeared before a parliamentary business and trade committee, at which the committee’s chair Darren Jones said his behaviour was “not in order”....
...Arrival owes about £87mn to secured creditors, £2mn to preferential creditors, and a further £102mn to unsecured creditors, the document shows....
...The documents also showed that the Pension Protection Fund, the pensions lifeboat, is owed £50mn as an unsecured creditor although it should be repaid a separate £20mn as a secured creditor from property...
...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 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...
...It said its creditor committee commended the Sri Lankan authorities “for their continuous efforts in implementing the reforms necessary for their country’s return to a sustainable path”....
...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...
...“Co-ordination with the other insolvency administrators of the Signa group in the form of a cross-group steering committee was not possible due to the different interests, despite considerable efforts by...
...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’s our property, we are not unsecured creditors,” he told Kaplan at Thursday’s hearing....
...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....
...The Determinations Committee decided Monday to consider the question, but no decision has yet been announced at pixel Tuesday (early morning UK time)....
...FTX is seeking court permission to appoint Galaxy, which it said was chosen in consultation with the official committee of unsecured creditors and after considering other potential investment advisers....
...In deciding Fraser’s pay, Citi said the compensation committee at its board of directors had also considered “competitive market levels of pay for CEOs of peer institutions”....
...By contrast, the trust payments were unsecured and junior....
...A steering committee for bondholders declined to comment....
...All unsecured debt will be converted into equity, in exchange for a proposed 1.7 per cent of Casino’s share capital, as well as €1.35bn in secured debt....
...A finance ministry committee known as CIRI that helps distressed companies has been taking part in talks over Casino’s negotiations with creditors....
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