This chapter discusses the PRIFA PSA and its implications, the options for a Title III or Title VI proceeding, CEDRILE's first plan of reorganization, the involvement of Hemmen Holding Limited, and the loan holdout lender opposing the plan.
On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a discussion on (a) how certain companies that actually benefited from the pandemic (grill companies, pool companies, home improvement businesses) took advantage of the recent spike in performance by borrowing money, using the proceeds to pay their owners a dividend, and then taking the company public and (b) how these companies and their lenders could be in trouble once consumer behavior reverts to pre-pandemic levels.
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