Jul
02
Owl Creek Said to Near Minimum to Accelerate Argentine Debt
ByA creditor group led by Owl Creek Asset Management is on the cusp of controlling enough defaulted Argentine bonds to demand immediate repayment, according to people familiar with the matter.
Jeffrey Altman’s $4.1 billion hedge fund is working with law firm Jones Day to find other holders of the $5.4 billion in so-called par bonds that want to join the group, according to the people, who asked not to be identified because the talks are private. The investors, who need at least 25 percent of a series of notes in order to demand their money right away in a process known as acceleration, are close to reaching that level for one of the bonds, the people said…
Owl Creek Said to Near Minimum to Accelerate Argentine Debt
