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.

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SOURCE GoldenTree Asset Management