#vedantalimited#scoop On March 29, Reorg was first to report that Vedanta had held talks with Farallon Capital for a $1.25B loan at Zinc International, a 100% offshore subsidiary of Vedanta Ltd. In a further exclusive on April 4 we reported the loan was close to finalized.
TL;DR
We are relaunching The $1K Project to focus exclusively on the crisis in Ukraine 🇺🇦
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Thanks to @FT for citing our work on the world's biggest baggage handling group, @swissportNews as its lenders offer rescue deal which would restructure $2bn debt and could transfer ownership from China’s HNA. Click through to read [subscription required]: https://t.co/RlCJHlni0r
Pizza Express has received support from its key stakeholders for a balance sheet restructuring and a forthcoming CVA. Holders representing 75% of the group’s £465M SSN due 2021 and its principal shareholder Hony Capital have agreed a lockup agreement: https://t.co/q69KvwRsyx.
Former #Entouch CEO J Lyn Findley told #Reorg#Federal investigators had contacted him regarding allegations he made in court filings. #DrPeng's subsea cable linking Asia with US, with #Facebook, #Google among partners, faces US Justice Dept opposition, say media reports.
#Reorg reports Aug.30 that #DrPeng’s 2017 acquisition of US-based EnTouch Systems Inc may have used an acquisition vehicle with undisclosed links to the Chinese telecoms group to skirt round #CFIUS and #FCC disclosure requirements, according to the former #Entouch Systems CEO.
#goldenquote "It didn't blow up. It's more like it got badly wounded from a gunshot, and it was dying for the longest time. Then it was a debt for equity swap. But it didn't blow up."
ICYMI: Debtwire Associate Editor Kyle Younker received two award nominations from @sipaonline. The nominations are for Kyle's work on Debtwire Investigations, our initiative focusing on impactful investigative analysis. Let's cheer Kyle on! https://t.co/3KWOChvQDF #SIPA2018
HNA Group unraveled: A @Debtwire deep-dive into the debt structure of the sprawling Chinese conglomerate ($) https://t.co/pd44A5KIb5 The org charts alone are worth the price of admission.