Oleo e Gas Bondholder Group Organizing to Analyze Restructuring Agreement

Overview


Timothy Walsh said that a group of up to 35 minority bondholders is organizing to decide if they want to object to decisions made during the reorganization of a major Brazil oil and gas producer. Mr. Walsh continued that the group, which is still growing, includes private-equity investors, hedge funds, financial institutions and individuals, based in the U.S., U.K. and Brazil, among other locations.