Lupatech bondholders take equity in promising precedent

Investors representing 86% of Brazilian oil and gas services firm Lupatech’s bondholders have approved the company’s proposed debt restructuring, allowing the plan to be submitted for approval at an extraordinary general meeting and submitted to be agreed in court.

  • By Oliver West
  • 17 Jan 2014

Bondholders approved the plan after asking for a 15 day extension from the original deadline of December 26, claiming they needed more time due to the holiday period.

Lupatech required the consent of three fifths of the holders of its $298m perpetual bonds to carry out the plan, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%