Pescanova asks for 2 week extension on debt restructuring vote
SEAFOOD.COM NEWS [Bloomberg] by Katie Linsell - April 14, 2014
Pescanova SA (PVA) is seeking to extend a deadline for a creditor vote on the Spanish fishing company’s restructuring, according to a person familiar with the situation.
The request follows meetings between the company and its banks that ended without agreement last week, said two other people with knowledge of the matter, who asked not to be identified because they’re not authorized to speak about it.
A bankruptcy court judge may rule today whether to delay voting until April 30 in response to a request from the Spanish fishing company that cited a delay in producing an English language version of debt plans. The court had given until April 15 for approval of proposals from shareholders Damm SA (DMM), the Spanish brewer, and Luxempart SA.
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