Alpha Latam DIP Loan Close To Crash At 11 Hour

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Law360 (Aug 3, 2021, 9:38 PM ET) – A last-minute bankruptcy financing stalemate took the spotlight on Tuesday from the start of Case 11 in Delaware by Miami-based Alpha Latam Management LLC, with an attorney debtor branding. the breakdown of the eleventh hour is “outrageous”.

The dispute turned the first hearing of Alpha Latam and six subsidiaries in Colombia and Mexico into a nearly one-day event that ended with Alpha Latam’s refusal to demand the bondholder to appoint an independent director of business restructuring that is part of a consumer loan venture. in Colombia and Mexico. Subsidiaries found guilty of bankruptcy dragged in more than $ 768 million in debt …

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