Tuspark Bondholder Group to Reject Bond Extension Proposal
A bondholder group in Tuspark Forward’s bonds plans to reject the company’s second payment extension proposal, as per Bloomberg. This week, Tuspark launched a consent solicitation for two of its dollar bonds on which it missed payments in August. The bondholder...
Tuspark’s Dollar Bonds Jump over 55% after Consent Solicitation
Tuspark Forward (issuer of Tus-Holdings’ bonds) launched a consent solicitation for two of its dollar bonds on which it missed payments in August. These bonds are its $308mn 7.95% May 2024s and $522.5mn 6.95% May 2024s guaranteed by Tus-Holdings. The bonds...
Tus-Holdings’ Bondholders Approve Debt Extension Plan
Holders of Tuspark’s dollar bonds guaranteed by Tus-Holdings overwhelmingly approved the debt extension plan for the cross-defaults on their bonds. Tus-Holdings said 100% and 99.95% of the total votes cast by eligible bondholders of the $400mn 7.95% 2021s and $550mn...
