Petra Diamonds Creditors Approve Debt Proposal Under U.K. Scheme

Jan. 8, 2021, 2:31 PM UTC

Bondholders representing about USD696m of notes approved restructuring plan under so-called U.K. scheme of arrangement, co. said in a statement Friday.

  • All voting creditors representing 98.4% of total claims approved plan: statement
  • Sanction hearing scheduled Jan. 12
  • NOTE: Oct. 20: Petra Shareholders Wiped Out as Diamond Miner Agrees Rescue Deal

To contact the reporter on this story:
Antonio Vanuzzo in London at avanuzzo@bloomberg.net

To contact the editors responsible for this story:
Dana El Baltaji at delbaltaji@bloomberg.net

Luca Casiraghi

© 2021 Bloomberg L.P. All rights reserved. Used with permission.

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.