Statement From the Ad Hoc Argentine Bondholder Group and the Exchange Bondholder Group

Statement From the Ad Hoc Argentine Bondholder Group and the Exchange Bondholder Group

PR Newswire

NEW YORK, June 20, 2020

NEW YORK, June 20, 2020 /PRNewswire/ -- The Ad Hoc Argentine Bondholder Group and the Exchange Bondholder Group are united in our disappointment with Argentina's decision to terminate dialogue with its creditors at what is plainly a critical juncture.  Instead, Argentina has created obstacles to a negotiated outcome and has attempted to provoke division—ending what had been a productive negotiation process. 

It is apparent when examining the various proposals submitted during the past weeks that all stakeholders made substantial progress towards a consensual restructuring.  If we achieve this goal, it would be a success for all involved:  avoiding the devastating legal and economic costs of a prolonged default.

Argentina's decision two days ago to walk away from the negotiating table is even more unfortunate given how close we are to a resolution, for which we remain ready to engage constructively.

The Ad Hoc Argentine Bondholder Group is advised by White & Case LLP.

For media enquiries:
Greenbrook
Email: ArgentinaBondholderGroup@greenbrookpr.com
Tel: +44 (0) 20 7952-2000

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