Press Release – March, 2021
BroadSpan Advises ANSA McAL on Acquisition of Bank of Baroda Trinidad
We are pleased to announce that BroadSpan Capital LLC acted as financial advisor to ANSA McAL, a Caribbean based conglomerate, on its acquisition of 100% of Bank of Baroda (Trinidad and Tobago) Limited. The value of the transaction was not disclosed.
Link to a PDF here.
Press Release – February, 2021
BroadSpan Advises Bondholders in Argentina's Province of Cordoba Restructuring
We are pleased to announce that BroadSpan Capital LLC acted as exclusive financial advisor to the Ad Hoc Bondholder Group (the "Committee”) formed to address the restructuring of the Province of Cordoba’s (the "Province’s") US$1.669 billion of international bonds due 2021, 2024 and 2027 (the "Existing Notes").
Link to a PDF here.
Press Release – January 12, 2021
Bondholder Group of the Province of Cordoba in Support of Amended Consent Solicitation
Following the conclusion of sustained and constructive negotiations with representatives of the Province of Cordoba, the Ad Hoc Bondholder Group of the Province of Cordoba confirms its support for the terms of the amended consent solicitation relating to the Province's outstanding international bonds published today.
Link to a PDF here.
PRESS RELEASE – JULY 10, 2020
COMMITTEE MEMBERS INTEND TO SUPPORT BELIZE’S CONSENT SOLICITATION
The Steering members of the Committee of holders of the Government of Belize's U.S. Dollar Bonds due 2034 have engaged constructively with the Belize authorities following the Government’s June 17, 2020 public announcement referring to its liquidity challenges associated with the COVID-19 pandemic.
Link to a PDF here.
Press Release – June, 2020
BroadSpan Advises FMO and DEG in Costa Rica Restructuring
We are pleased to announce that BroadSpan Capital LLC acted as exclusive financial advisor to Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”) and Deutsche Investitions - Und Entwicklungsgesellschaft mbH (“DEG”) in the financial restructuring and successful resolution of their exposure to Upala Agricola.
Link to a PDF here.
Press Release – June 4, 2020
Ecuador Bondholders Announce Organization
A group of large institutional holders of various international bonds issued by the Republic of Ecuador have organized a committee of bondholders to engage in discussions related to the potential re-profiling of Ecuador’s external debt.
Link to a PDF here.
Press Release – April 22, 2020
Bondholders Reject the Province of Buenos Aires’ Restructuring Proposal
Late yesterday, the Province of Buenos Aires issued a press release announcing proposed terms for the restructuring of its external debt. The steering committee of the bondholder group formed by institutional holders of external debt issued by the Province has reviewed the proposed terms and has determined that it cannot support the proposal.
Link to a PDF here.
Press Release – June 6, 2019
Bondholder Committee Supports TPHL’s Amended Exchange Offer
Earlier today, Trinidad Petroleum Holdings Limited, issued a press release announcing its agreement to amend the terms of the exchange offer for its bonds due in 2019 and 2022.
Link to a PDF here.
Restructuring Announcement – April 16, 2019
BroadSpan Advises Bondholders in Puerto Rico COFINA Restructuring
BroadSpan Capital LLC acted as financial advisor to an institutional bondholder group with respect to the restructuring of the debt of the Puerto Rico Sales Tax Financing Corporation (“COFINA"). The Bondholder Group controlled approximately $1.9 billion of the outstanding COFINA Senior and Junior bonds prior to the restructuring.
Link to a PDF here.
Press Release – February 3, 2019
Bondholder Committee Supports Buenos Aires’ Amended 2021 Consent Solicitation
Earlier today, the Province of Buenos Aires announced amended terms of the consent solicitation for its 10.875% bonds due in 2021.
Link to a PDF here.