“We would like to thank our clients, suppliers, and business partners, whose loyalty and continued cooperation during this process has been instrumental in our success in emerging from the Chapter 11 reorganization process”, said Carlos Saravia, Newland’s Chief Executive Officer. “We would like to thank our financial advisor, Gapstone, as well as our legal counsel, Gibson Dunn & Crutcher and Greenberg Traurig in the United States and Adames Duran Alfaro Lopez in Panama. We would also like to thank the Steering Group of Noteholders and BroadSpan Capital, their financial advisor, for their cooperation and diligence throughout this process.”
BroadSpan Capital LLC acted as financial advisor to the Steering Group of TOCLUB Bondholders for this restructuring.