WOM, Ad Hoc Creditors Group to Sign Deal in Coming Days: DF

WOM and an ad hoc group of creditors agreed to maintain the bankruptcy proceedings in the US and plan to sign a deal in the coming days, Diario Financiero reported.

• Parties have a draft agreement that will be signed in the coming days, Diario Financiero reported citing creditors representative John H. Knight
  • Delaware bankruptcy court must approve any accord
• Bankruptcy court approved a $210m DIP financing deal reached by WOM with JPMorgan, which frees up $110m to support commercial operations and restructuring efforts: Diario Financiero
• NOTE, April 5: CEO of Bankrupt WOM Leaves, Criticizes Chilean Firm’s Owner
• NOTE, April ...