Canacol, Colombia’s largest gas producer, reached an agreement with a group of bondholders that will provide the company with much needed financing as it works to restructure its debt. https://t.co/ceKLnT5mUq ...

Industry Trend - Debt restructuring fights, exemplified by Altice, are becoming increasingly prevalent [1] - A specialized industry of bankers and lawyers is profiting from the gamesmanship surrounding these restructurings [1]

Deals that use majority rule to fast-track debt restructurings put minority lenders at a disadvantage https://t.co/2rQsd0LzRH ...

Company Restructuring - Colisée's senior lenders are taking over the company from EQT [1] - The takeover involves writing off some of the French nursing home operator's debt [1]

After Altice France restructured its debt last year, its founder, Patrick Drahi, survived the debt write-down and managed to retain control. He couldn’t do it again—could he? https://t.co/4bZWSmPSuq ...

Core Viewpoint - Canacol Energy Ltd. is negotiating a short-term loan to restructure its debt as it faces declining cash reserves and production levels [1][2]. Group 1: Financial Situation - Canacol has $500 million in dollar bonds and a secured credit facility with Macquarie, which currently has seniority over other debts [2]. - The company is also managing a revolving credit facility with a group of banks that is set to expire in 2027 [2]. - The loss of a major pipeline contract in 2023 has led to a steady decline in production, triggering an acceleration clause in the Macquarie loan [3]. Group 2: Market Perception and Credibility - Despite high gas prices and record EBITDA generation, Canacol has struggled to secure financing, leading to questions about its credibility [4]. - Investors are increasingly viewing a potential acquisition as the best hope for recovery due to years of operational issues and poor communication [5]. Group 3: Strategic Value and Future Prospects - Canacol is still considered to have strategic value in Colombia's natural gas market, being the second-largest producer [6]. - The CEO of Ecopetrol indicated that Canacol is interested in a sale, although details of the negotiations remain unclear [6].

Canacol is looking to negotiate a short-term loan from its creditors as it works to restructure its debt before its cash reserves run dry, sources said https://t.co/qvuYA7Fl64 ...

The IMF is aware of bondholders’ concerns that Senegal may have to restructure its debt, the lender said this week after the latest round of talks with the West African country https://t.co/Y0rmhLrJhV ...

Senegal dollar bonds fell and were among the worst performers in emerging markets on Thursday as concerns grow the nation may have to restructure its debts, potentially threatening hefty losses for investors https://t.co/98tDSWgJKY ...

The world’s messiest debt restructuring just got even uglier https://t.co/G6H2Gs3fIS ...