Creditors of Vale-BHP venture Samarco suspend assembly to analyze new proposal

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	Creditors of Vale-BHP venture Samarco suspend assembly to analyze new proposal
	admin
	2022-03-10
发布年	2022
语种	英语
国家	国际
领域	地球科学
正文(英文)	Samarco’s dam burst killed 19 people, wiped out several towns and polluted rivers. (Image by Romerito Pontes \| Flickr Commons.) Creditors of Brazilian miner Samarco Mineracao SA have suspended their assembly to reconvene on April 1 after the company presented a new restructuring plan on Thursday. Samarco, a joint venture between Vale SA and BHP Group PLC, changed its restructuring plan to offer a new alternative to pay creditors, hybrid bonds that will distribute part of Samarco’s cash flow. The company did not change other conditions in the plan, such as the 75% haircut over the bonds face value. Bondholders, that had rejected Samarco’s previous proposal, have agreed late on Thursday to suspend the assembly to analyze the new proposal and reconvene on April 1 to vote. If the new proposal is rejected, creditors may present an alternative plan. (By Tatiana Bautzer; Editing by Edmund Blair and David Gregorio)
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来源平台	Minging.com
文献类型	新闻
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/347334
专题	地球科学
推荐引用方式 GB/T 7714	admin. Creditors of Vale-BHP venture Samarco suspend assembly to analyze new proposal. 2022.