RMAC fight goes down to the wire as Clifden tips hand

Clifden IOM No. 1 revealed its strategy on Monday for the RMAC bonds that it tendered for — but the issuer said on Wednesday that the controversial fund had not yet offered proof that it controlled enough bonds to push through the deal changes it wants.

  • By Owen Sanderson
  • 08 Mar 2018

Paratus AMC, which controls the deals — and stands to lose millions if Clifden is successful — was also quick to issue a notice trying to sink the tender, repeating its legal threats against noteholders and Clifden alike.

The RMAC bonds will be called on Monday regardless of ...

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