In the first deal, Akin Gump advised investment firm SVP Global in a debt-for-equity swap
by Cory Environmental.
But Mr Hunt of PwC said: "There's no prospect of completing a debt-for-equity swap
so we are pursuing sales of the underlying assets.
According to the investor, the plan foresees a possible issue of Sucraf shares, via a share issue or a debt-for-equity swap
Should the court agree to IVG's request, the company plans to exit insolvency proceedings early next year via a debt-for-equity swap
However, it said a proposed debt-for-equity swap
in which bondholders agree to cut back on what they are owed in order to reopen contract talks with network operators EE and Vodafone was not an option.
It came close to collapse two years later before being rescued by its main lender HSBC in a controversial debt-for-equity swap
that saw it taken off the stock market.
Kuwait-based Global Investment House (Global) is trying to gain approval from its shareholders for a debt-for-equity swap
which will see creditors take a 70 per cent stake in the company.
The government said it has approved the ownership transfer of Kerzner International's Atlantis Resort and the One&Only Ocean Club on Paradise Island to Brookfield Asset Management in a $175 million debt-for-equity swap
, reports The Nassau Guardian (April 28, 2012):
Summary: WASHINGTON - Barneys New York has been taken over by Perry Capital in a debt-for-equity swap
that reduces the luxury retailer's borrowings by $540 million, allowing the chain to invest more in its rebounding business.
The company is looking at a form of debt-for-equity swap
that would considerably cut its borrowings while giving creditors an ownership stake in the company or its assets, sources familiar with the situation said.
As a matter of priority, the board is working with bankers to identify ways to reduce the group's debt which may include a debt-for-equity swap
According to sources, the automaker is facing problems with the debt-for-equity swap
required by the government.