Category Archives: Creditor/Debtor

Argentina Loses Appeal In Bondholder Fight As Court Sides With Bondholder Group Led By Elliott Management

Next up: Supreme Court, if it is willing to take the case. In a victory for investors in sovereign securities, the 2nd Circuit Court of Appeals ruled against Argentina’s appeal of the court order requiring Argentina’s payment of $1.3 billion … Continue reading

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Facebook Consolidates Its Credit Arrangements, Gets Flexible In Use Of Funds

Showing the opposite trajectory of Zynga, Facebook amended its credit arrangements with its bankers to provide additional flexibility in its use of the proceeds of the loans. The updated credit agreement provides for up to $6.5 billion in loans, and … Continue reading

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Zynga Downsizing Includes Its Credit Facility

As Zynga downsizes its workforce and operations, it also downsizes its credit facility with Morgan Stanley, Goldman Sachs and JPMorgan. As Zynga has faced some problems in its business, it had to make some changes, including “substantial cost reductions, including … Continue reading

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The Coolest Hedge Fund Article Ever. Hedge Funds Try to Foreclose On the Argentine Navy. Awesome!

Argentina did what does best, default on a bunch of debt.  Some hedge funds bought it and would like their money, thankyouverymuch. The hedge funds have been going around the world to try and seize Argentine assets.  Among them is … Continue reading

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