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Argentine holdout creditors reach $5 billion deal in debt dispute, lawyer says

Creditors fighting Argentina in US courts for more than a decade over defaulted debt have reached a $5 billion agreement to settle the dispute, a lawyer representing the investors said on Wednesday.

"We have had an agreement on economic terms with Argentina since Thursday," Matthew McGill, a lawyer representing lead holdout creditors Elliott Management and Aurelius Capital Management said in a hearing before a US Federal Appeals court in Manhattan.

McGill called it a "$5 billion transaction" but then added the parties needed more time to finish the deal.

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Tags:  creditors  Argentina  US  debt  Griesa  holdouts  negotiations  





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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia