-OSX Bond restructuring approved by the board – no haircuts, coupon goes from 9.25% to 13%, a PIK ‘consent fee’ of 2.5% and mandatory pre-payment if OSX-1 or 2 are sold, more here.
-‘There’s an uptick in [restructuring] activity and we expect that to continue through the rest of this year and next’, Brazilian distressed at The Wall Street Journal.
-Real Estate Cos. in the radar of Brazilian Distressed Debt investors,
-McKinsey&Co’s ‘New credit-risk models for the unbanked’
– Start-Up Chile is a program of the Chilean Government that seeks to attract world-class early stage entrepreneurs to start their businesses in Chile. The program provides US$40,000 of equity-free seed capital, and a temporary 1-year visa to develop your project for six months.
Lockmann.org 