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Americas Core Credit: Argentina and Venezuela Discussion with Lee Buchheit (Feb. 2, 2020)

Feb 2, 2020
Sovereign restructuring veteran Lee Buchheit discusses Argentina and Venezuela, highlighting the role of the IMF in Argentina's upcoming restructuring and exploring the history and significance of collective action clauses in bond restructuring. The podcast also delves into the intricacies of sovereign debt restructuring, emphasizing the importance of a sustainable debt position and examining success stories from Uruguay and Iraq.
01:00:32

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • PG&E might face a state takeover if it doesn't transform itself, according to Governor Newsom of California.
  • Frontier Communications is planning a bankruptcy filing in mid-March, involving equitization and refinancing of its debt.

Deep dives

PG&E and Governor Gavin Newsom's harsh words

Last week, Governor Gavin Newsom of California expressed strong criticism of PG&E, stating that if the entity is not, quote, transformatively different, a state takeover will be necessary. Counsel for PG&E, on the other hand, expressed confidence that they can address the governor's concerns through ongoing discussions and provided a timeline for the disclosure statement and plan voting deadlines.

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