Grenada Steering Committee and Ad-Hoc Committee Announce Formation

NEW YORK, May 3, 2013 – Holders of more than 75% of the U.S. Dollar Bonds Due 2025 and E.C. Dollar Bonds due 2025 (together, the “Bonds”) issued by the Government of Grenada (“GOG”) announced that they have formed a Steering Committee (the “Committee”) and a broader Ad-Hoc bondholders’ committee in order to address matters concerning the GOG’s announcement on March 8, 2013 that circumstances have forced the country to undertake a comprehensive and collaborative restructuring of its public debt, including the Bonds. In that regard, on March 15, 2013 the GOG did not make its scheduled interest payment on either of the Bonds; the 30 day grace period has since lapsed and the Bonds are now in default.

BroadSpan Advises Almond Resorts Inc. on Sale of Almond Beach Village

On February 5, 2014, Barbados Tourism Inc. (“BTI”) acquired 100% of the Almond Beach Village (“ABV”) resort from Almond Resorts Inc. BTI has subsequently announced its intention to lease the property to Sandals Resorts International.

OceanPact Completes US$35MM Equity Raise

In January 2014, OceanPact successfully raised US$35MM of equity financing from a prominent Brazilian asset management firm.

BroadSpan Advises RJ Consultores on Sale of 60% stake to Bematech

Belo Horizonte, Brazil – On January 14, 2014, RJ Participações (“RJ Consultores” or the “Company”) concluded the sale of 60% of its equity to Bematech. The transaction value will be adjusted in March 2015, considering the Company’s performance, based on the 2014 consolidated EBITDA multiple of 6.5x.

Sandals Acquires Barbados’ Almond Casuarina Beach Club

On December 16th 2013, Sandals Resorts International acquired 100% of the Almond Casuarina Beach Club (“ACB”) resort through the acquisition of 100% of the shares of Casuarina Beach Club Limited ("CBCL"), an associated company of Almond Resorts Inc., Goddard Holdings Limited and Neal & Massy Holdings Limited.

Dock Brasil Ltda. Announces Equity Raise of up to US$23MM

On October 2013, Dock Brasil Ltda. announced an equity financing raise of up to US$23 MM from Mantiq Investimentos and Mare Investimentos.

France’s Vinci Park Enters the Brazilian Market

On July 12th 2013, leading French parking operator Vinci Park acquired a 50% stake in MOVING, one of the main parking companies in the Southern region of Brazil, operating over 30,000 parking spaces.

Newland International Properties Corp. exits Chapter 11 Prepackaged Plan of Reorganization

Panama City, Panama, July 8, 2013 – Newland International Properties, Corp. (“Newland”) is pleased to announce that it has successfully consummated its Chapter 11 plan of reorganization (the “Plan”) and the restructuring of its $220 million 9.50% Senior Secured Notes due November 2014 (the “Notes”). Newland filed for chapter 11 on April 30, 2013 and swiftly obtained bankruptcy court approval of the Plan approximately one month later. The Plan became effective on July 3, 2013. Under the Plan, holders of Notes received new Senior Secured Notes due July 2017, while Newland’s shareholders retained 100% of the equity in Newland.

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