E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers I > Headlines for Industrias Metalurgicas Pescarmona S.A.I.C. y F. > News item
Published on 7/27/2018 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Impsa and WPE International reduce minimum notes amount for settlement

By Caroline Salls

Pittsburgh, July 27 – Industrias Metalúrgicas Pescarmona SAIC y F (Impsa) and WPE International Cooperatief UA said Friday that the minimum denomination of Impsa’s 11¼% notes due 2014 and WPE’s 10 3/8% senior notes due 2020 has been reduced to $1.00 per each $1.00 of existing notes to allow more holders of existing notes to participate in a previously announced settlement.

According to a news release, the discount notes to be delivered under each of the settlement instructions will be settled in furtherance of the companies’ restructuring plan.

D.F. King & Co., Inc. is the settlement agent.

Impsa is a Mendoza, Argentina-based producer of wind and hydropower equipment.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.