Alsacia gets green light on restructuring without bondholder haircuts

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Alsacia gets green light on restructuring without bondholder haircuts

Alsacia
Santiago, Chile. 8th August 2012 -- A transit bus was torched by protesters during the demonstration. -- Groups of masked men burned three buses Transantiago system caterpillar, amid protests from students who participated in an unauthorized march in Plaza Italia in Santiago, Chile. The march was repressed by police. | Mario_Tellez Tellez / Demotix/Demotix/Press Association Images

Chilean bus operator Alsacia has left Chapter 11 bankruptcy four months after beginning a restructuring of its senior secured notes. Bondholders of the company’s outstanding notes escaped with no principal haircut.

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