Tri Network

Main Menu

  • Home
  • Economic growth
  • Corporate restructuring
  • Confirmation Bias
  • Bank Apr Uk
  • Financial Affairs

Tri Network

Header Banner

Tri Network

  • Home
  • Economic growth
  • Corporate restructuring
  • Confirmation Bias
  • Bank Apr Uk
  • Financial Affairs
Corporate restructuring
Home›Corporate restructuring›Golden Tree Asset Management announces its support for the proposed August 6 restructuring transaction in the province of Buenos Aires

Golden Tree Asset Management announces its support for the proposed August 6 restructuring transaction in the province of Buenos Aires

By Laura Wirth
August 9, 2021
35
0

NEW YORK, August 9, 2021 / PRNewswire / – GoldenTree Asset Management (“GoldenTree”), the largest creditor in the province of Buenos Aires (the “Province”) and long-term investor in the Province, is pleased to announce its support for the restructuring operation launched by the Province on August 6. Over the past several months, GoldenTree has worked constructively with the province and has finally reached an agreement on terms that provide bondholders with an attractive opportunity to participate in the province’s economic recovery as well as increased accountability of the share of the province. Importantly, the agreement also leaves the province in a sustainable financial position that will allow it to invest and grow in the years to come. We look forward to the province’s exit from default and the economic outlook improved.

About GoldenTree

GoldenTree is a global, employee-owned asset management company specializing in opportunities in the credit world in industries such as high yield bonds, leveraged loans, distressed debt, structured products, emerging markets, private equity and credit-themed equities. GoldenTree was founded in 2000 by Steve tananbaum and is one of the largest independent asset managers focused on credit. GoldenTree manages nearly $ 45 billion for institutional investors, including major public and corporate pension plans, endowments, foundations, insurance companies and sovereign wealth funds. GoldenTree has approximately 250 employees, with offices in new York, London, Singapore, Sydney, Tokyo, Dublin and West Palm Beach. For more information, please visit www.goldentree.com.

For more information contact:

Investors:

Media:

Kathy Sutherland and Erin Morgan

Steve Bruce and Mary Beth Grover

GoldenTree Asset Management

CSA Advisors

212-847-3455 / 212-847-3503

203-992-1230

[email protected]

[email protected]

[email protected]

[email protected]

View original content: https://www.prnewswire.com/news-releases/golden-tree-asset-management-announces-support-of-august-6th-province-of-buenos-aires-proposed-restructuring-transaction – 301350860.html

SOURCE GoldenTree Asset Management


Source link

Related posts:

  1. Rising job cuts in New Zealand
  2. Can a Superstar Endorsement Gas a Payless Reboot? – RetailWire
  3. Shuaa Capital Board of Administrators proposes first dividend after merger amid robust 2020
  4. Bombardier motion: what must you do with this motion?
Tagseconomic recoverylong term

Categories

  • Bank Apr Uk
  • Confirmation Bias
  • Corporate restructuring
  • Economic growth
  • Financial Affairs
  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY