/raid1/www/Hosts/bankrupt/TCRLA_Public/150707.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
L A T I N A M E R I C A
Tuesday, July 7, 2015, Vol. 16, No. 132
Headlines
A N T I G U A & B A R B U D A
LIAT: Plan to Relocate to Barbados Scrapped, Says Antigua PM
B R A Z I L
BRAZIL: 1st-Half Auto Sales at Lowest Level Since 2007
JBS SA: To Purchase U.S. Cargill Pork Assets for $1.45 Billion
C A Y M A N I S L A N D S
AHLI INVESTMENT: Creditors' Proofs of Debt Due July 20
EBL HOLDINGS: Creditors' Proofs of Debt Due July 20
ESG TREASURY: Placed Under Voluntary Wind-Up
ESG TREASURY MASTER: Placed Under Voluntary Wind-Up
OPULEN INVESTMENT: Creditors' Proofs of Debt Due July 14
SCOT ONE: Creditors' Proofs of Debt Due July 13
SILVERTON REAL: Creditors' Proofs of Debt Due July 14
VALUE STREAM: Creditors' Proofs of Debt Due July 22
YANAIS HOLDINGS: Creditors' Proofs of Debt Due July 13
C O L O M B I A
COLOMBIA: Inflation Rate Hits 3.33%
H A I T I
HAITI: Wants Dominican Republic to Negotiate Deal on Deportations
P U E R T O R I C O
ANNA'S LINENS: Has Interim Access to $80-Mil. DIP Facility
DORAL FINANCIAL: Seeks More Time to Control Bankruptcy Case
HORNED DORSET: Hires Garcia-Arregui as Attorneys
VIACAO AREA: Chapter 15 Case Summary
X X X X X X X X X
LATAM: ECLAC Official Calls for Debt Write-off for CARICOM States
* Large Companies With Insolvent Balance Sheets
- - - - -
===============================
A N T I G U A & B A R B U D A
===============================
LIAT: Plan to Relocate to Barbados Scrapped, Says Antigua PM
------------------------------------------------------------
Caribbean360.com reports that Antigua and Barbuda has injected a
further US$400,000 in regional carrier LIAT, operating as Leeward
Islands Air Transport, even as the prime minister vowed that the
airline headquarters will not be moved from St. John's.
Gaston Browne confirmed to Caribbean360 that the cash injection
was made as part of $10 million that his country has promised to
deliver to the airline by yearend.
Speaking on the sidelines of the 36th regular meeting of the
Conference of Heads of Government of CARICOM which began July 2,
Mr. Browne insisted that all plans to relocate the LIAT
headquarters from Antigua and Barbuda had been scrapped, according
to Caribbean360.com.
The major shareholder governments -- Barbados, St Vincent and the
Grenadines and Dominica -- had announced a plan to shift LIAT's
fleet base to Barbados to focus on the more lucrative southern
Caribbean and to reduce its staff by 180 to help restore the
airline to financial stability, the report notes.
However, Mr. Browne said all claims of relocation is merely "idle
talk," the report relates.
Mr. Browne stressed that the two-island state has not swayed in
its commitment to the airline that has been consistently losing
money, the report adds.
About LIAT
LIAT, operating as Leeward Islands Air Transport, is an airline
headquartered on the grounds of V. C. Bird International Airport
in Antigua. It operates high-frequency inter-island scheduled
services serving 21 destinations in the Caribbean. The airline's
main base is VC Bird International Airport, Antigua and Barbuda,
with bases at Grantley Adams International Airport, Barbados and
Piarco International Airport, Trinidad and Tobago.
* * *
As reported in the Troubled Company Reporter-Latin America on May
8, 2015, the Daily Observer reports that LIAT, operating as
Leeward Islands Air Transport, is attempting to lose excess
baggage as part of measures to make the carrier "a smaller airline
in 2015." In a document, signed by Director of Human Resources
Ilean Ramsey, eligible employees were asked to opt to apply for
voluntary separation or early retirement packages to avoid being
made redundant, according to The Daily Observer.
TCRLA reported on Dec. 2, 2014, Caribbean360.com said that
chairman of the shareholder governments of the financially
troubled regional airline LIAT, Dr. Ralph Gonsalves said while he
is unaware of the details regarding any possible retrenchment of
employees, the airline needs to deal with its high cost of
operations.
The TCR-LA on March 10, 2014, citing Caribbean360.com, reported
that LIAT said it will take "decisive action" to deal with
unprofitable routes as the Antigua-based airline seeks to make its
operations financially viable.
On Sept. 23, 2013, the TCRLA, citing Trinidad and Tobago Newsday,
reported that there's much upheaval at the highest levels of LIAT
-- the Board and the Executive. Following the sudden resignation
of Chief Executive Officer Captain Ian Brunton, David Evans
replaced Mr. Brunton as chief executive officer
===========
B R A Z I L
===========
BRAZIL: 1st-Half Auto Sales at Lowest Level Since 2007
------------------------------------------------------
EFE News reports that Brazilian auto sales amounted to 1.31
million units between January and June, down 20.7 percent from the
same period of last year and the lowest first-half total since
2007, the National Federation of Motor Vehicle Dealers, or
Fenabrave, said.
Auto sales in June, including cars, SUVs, trucks and buses but not
motorcycles or agricultural machinery, totaled 212,535 units, down
19.4 percent from the same month of 2014, according to EFE News.
The plunge has prompted Fenabrave to lower its sales projections
for this year to 2.62 million units, which would be a 23.9 percent
decline from 2014, the report notes.
The automotive sector has been reeling due to an end to government
tax breaks for new vehicle purchases, part of an austerity program
enacted after federal, state and local governments ended 2014 with
a cumulative primary budget deficit (before interest payments)
equivalent to around $12.5 billion, the report relates.
Until last year, Brazil's public finances had not been in the red
since the current reporting methodology was adopted in 2001, the
report says.
Automakers also have been hit by high interest rates (the
benchmark Selic rate is at its highest level in more than six
years) aimed at curbing inflation, which is at an 11-year high,
the report discloses.
As part of an effort to adjust production to declining demand,
automakers have reduced payrolls through early retirement and
layoffs and placed workers on paid furloughs, the report adds.
JBS SA: To Purchase U.S. Cargill Pork Assets for $1.45 Billion
--------------------------------------------------------------
Caroline Stauffer and Guillermo Parra Bernal at Reuters report
that JBS SA is buying Cargill Inc.'s U.S. pork business for $1.45
billion, free of debt, it said in a statement, a deal which would
make it one of the largest and most powerful meat companies in the
United States.
The bid by the company's JBS USA subsidiary comes just over a week
after Brazil-based JBS SA said it would buy Moy Park Ltd, the
British unit of rival Marfrig Global Foods SA and marks the latest
sign of consolidation in the U.S. protein sector, according to
Reuters.
Last month, dairy cooperative Land O'Lakes Inc. and United
Suppliers Inc. said they would merge their crops inputs units,
spawning a business -- group with more than $7 billion in annual
sales, the report notes. In 2013, U.S. pork powerhouse Smithfield
Foods Inc. merged with Shuanghui International of China in a $4.7
billion deal, the report relays.
Like the Shuanghui-Smithfield deal, approval of the Cargill sale
could hinge on whether U.S. federal regulators look at just the
pork unit, or JBS' entire meat business, said Jim Robb, analyst at
the Livestock Marketing Information Center, the report notes.
Industry data puts JBS USA as controlling about 22 percent of the
U.S. beef market, and about 18 percent of the U.S. poultry market,
the second largest player in both sectors behind Tyson Foods Inc.,
the report says.
The deal includes two meat processing plants in Iowa and Illinois,
as well as five feed mills in Missouri, Arkansas, Iowa and Texas
and four hog farms in Arkansas, Oklahoma and Texas, the report
notes.
If all protein sectors are included, the U.S. Department of
Justice could find that the company would have too large a slice
of the U.S. meat market: JBS USA touts itself as a leading
processor of beef, pork and lamb, in addition to being a majority
shareholder in chicken processor Pilgrim's Pride Corp, the report
says.
"It depends on how (the U.S. government) cuts it up," Mr. Robb
said. "JBS has relatively small holdings on the hog side, but
Cargill has relatively large holdings," Mr. Robb added.
Strategic Growth
JBS said its latest purchase was in line with its strategy to
"grow its portfolio of prepared and value-added products,
expanding the company's customer base," the report notes.
JBS SA, which grew from a family-run butcher to become Brazil's
largest company by revenue, purchased Australian processed foods
maker Primo Smallgoods in November in order to increase sales to
Asia, the report relays.
Cargill had not been looking to sell its pork business but "JBS
approached us with an offer that we had to consider," said
spokesman Mike Martin, adding the company was sticking with its
other animal protein businesses globally and would "evaluate
opportunities that could provide long-term, profitable growth,"
the report discloses.
News of the deal came as a surprise to some industry watchers and
U.S. farmers.
Cargill Meat Solutions, headquartered in Wichita, Kansas, had
seemed to be trying to increase the ranks of farmers who produce
hogs for the company, said Mike Paustian, an independent hog
producer in Scott County, Iowa, the report notes. Mr. Paustian
said he saw Cargill advertisements looking for pig growers, the
report relays.
"The impression that I had is they were looking for places to put
pigs," Mr. Paustian said, the report notes.
Still, the takeover should not impact independent producers much
because a lot of Cargill's supply comes from contract growers,
said Mr. Paustian, who usually sells his hogs to Tyson Foods, the
report discloses.
"A lot of what they were processing were their own hogs. They were
pretty integrated. It's not like you're potentially losing a big
market for us to sell our hogs to," Mr. Paustian said, adds the
report.
JBS S.A. processes and sells beef, lamb, and poultry products in
Brazil and internationally.
As reported in the Troubled Company Reporter-Latin America on
June 24, 2015, Standard & Poor's Ratings Services said that it has
affirmed its 'BB+' global scale corporate credit and issue-level
ratings on JBS S.A. and its subsidiary, JBS USA. S&P also
affirmed its 'brAA+' national scale rating on JBS. The outlook
for all corporate ratings remains positive.
==========================
C A Y M A N I S L A N D S
==========================
AHLI INVESTMENT: Creditors' Proofs of Debt Due July 20
------------------------------------------------------
The creditors of AHLI Investment Services Company Limited are
required to file their proofs of debt by July 20, 2015, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on June 10, 2015.
The company's liquidator is:
K.D. Blake
P.O. Box 493 Grand Cayman KY1-1106
Cayman Islands
c/o Georgina Lowry
Telephone: +1 (345) 914-4398/ +1 (345) 949-4800
Facsimile: +1 (345) 949-7164
EBL HOLDINGS: Creditors' Proofs of Debt Due July 20
---------------------------------------------------
The creditors of EBL Holdings Limited are required to file their
proofs of debt by July 20, 2015, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on June 10, 2015.
The company's liquidators are:
Keiran Hutchison
Claire Loebell
c/o Steve Bull
Telephone: (345) 814 9060
Ernst & Young Ltd
62 Forum Lane, Camana Bay
P.O. Box 510 Grand Cayman KY1-1106
Cayman Islands
ESG TREASURY: Placed Under Voluntary Wind-Up
--------------------------------------------
On June 12, 2015, the sole shareholder of ESG Treasury
Opportunities Offshore Portfolio Ltd. resolved to voluntarily wind
up the company's operations.
Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.
The company's liquidator is:
Emerging Sovereign Group, LLC
c/o Joanne Huckle
Telephone: +1 (345) 949 9876
Facsimile: +1 (345) 949-9877
Ogier
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
ESG TREASURY MASTER: Placed Under Voluntary Wind-Up
---------------------------------------------------
On June 12, 2015, the sole shareholder of ESG Treasury
Opportunities Master Portfolio Ltd. resolved to voluntarily wind
up the company's operations.
Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.
The company's liquidator is:
Emerging Sovereign Group, LLC
c/o Joanne Huckle
Telephone: +1 (345) 949 9876
Facsimile: +1 (345) 949-9877
Ogier
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
OPULEN INVESTMENT: Creditors' Proofs of Debt Due July 14
--------------------------------------------------------
The creditors of Opulen Investment Management Limited are required
to file their proofs of debt by July 14, 2015, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on May 29, 2015.
The company's liquidator is:
Appleby Trust (Cayman) Ltd.
c/o Richard Gordon
Telephone: +1 (345) 949 4900
75 Fort Street
P.O. Box 1350 Grand Cayman KY1-1108
Cayman Islands
SCOT ONE: Creditors' Proofs of Debt Due July 13
-----------------------------------------------
The creditors of Scot One Investment Company are required to file
their proofs of debt by July 13, 2015, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on June 10, 2015.
The company's liquidator is:
CDL Company Ltd.
P.O. Box 31106 Grand Cayman KY1-1205
Cayman Islands
SILVERTON REAL: Creditors' Proofs of Debt Due July 14
-----------------------------------------------------
The creditors of Silverton Real Estate Fund are required to file
their proofs of debt by July 14, 2015, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on May 29, 2015.
The company's liquidator is:
Appleby Trust (Cayman) Ltd.
c/o Richard Gordon
Telephone: +1 (345) 949 4900
75 Fort Street
P.O. Box 1350 Grand Cayman KY1-1108
Cayman Islands
VALUE STREAM: Creditors' Proofs of Debt Due July 22
---------------------------------------------------
The creditors of Value Stream Limited are required to file their
proofs of debt by July 22, 2015, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on June 10, 2015.
The company's liquidator is:
Buchanan Limited
c/o Allison Kelly
Telephone: (345) 949-0355
Facsimile: (345)949-0360
P.O. Box 1170, George Town
Grand Cayman KY1-1102
Cayman Islands
YANAIS HOLDINGS: Creditors' Proofs of Debt Due July 13
------------------------------------------------------
The creditors of Yanais Holdings are required to file their proofs
of debt by July 13, 2015, to be included in the company's dividend
distribution.
The company commenced liquidation proceedings on June 10, 2015.
The company's liquidator is:
CDL Company Ltd.
P.O. Box 31106 Grand Cayman KY1-1205
Cayman Islands
===============
C O L O M B I A
===============
COLOMBIA: Inflation Rate Hits 3.33%
-----------------------------------
EFE News reports that the consumer price index rose 0.10 percent
in Colombia in June, pushing the inflation rate for the first six
months of this year to 3.33 percent, compared to the same period
in 2014, the National Administrative Department of Statistics, or
DANE, said.
The inflation rate in the January-June period was 0.76 percent
higher than in the same period in 2014, when it came in at 2.57
percent, according to EFE News.
The report notes that the inflation rate in June was 0.01 percent
higher than in the same month last year, when it was 0.09 percent,
the DANE said.
Colombia registered an inflation rate of 4.42 percent between July
2014 and June 2015, the report relates.
Of the 24 cities in which the DANE conducted price surveys, nine
registered inflation rates higher than the average for June and 15
registered inflation rates that were lower than the national
consumer price index, the report discloses.
Neiva, the capital of the southwestern province of Huila,
registered the highest inflation rate in June at 0.46 percent, the
report adds.
=========
H A I T I
=========
HAITI: Wants Dominican Republic to Negotiate Deal on Deportations
-----------------------------------------------------------------
Caribbean360.com reports that Haitian President Michel Martelly is
calling on the Dominican Republic government to come to the
negotiating table to hammer out a memorandum of understanding on
the handling of the deportation of Haitian descendants.
Since the expiration of the June 17 deadline for legal residency
in the Dominican Republic, President Martelly said Haiti has had a
very difficult time coping with the number of people who have been
haphazardly crossing over the border it shares with the Dominican
Republic, according to Caribbean360.com.
"After what we have experienced these last three days we are very
concerned. Haitians are coming, probably voluntarily, but under
pressure because they're coming at any time. [It's] no good for
us," the president told the media during the three-day meeting of
CARICOM Heads of Government meeting in Barbados, the report quoted
President Martelly as saying.
"We've been trying to get a protocol with the DR so we can agree
on who's coming, when they're coming, how they're coming, how many
are coming. Lately we have realized that they're coming at one in
the morning, they come all over the border. Two nights ago 21
people came. They seem to be Dominicans since they had no papers,"
President Martelly said, the report notes.
Speaking ahead of his departure from the island, United Nations
Secretary-General Ban Ki-moon said it was imperative that the
countries reach agreement on the matter that relates to "human
rights and human dignity," the report relays.
"I am encouraged the Dominican Republic and Haiti have maintained
binational dialogue during this challenging time. I strongly
believe that it is critical for them to engage in a frank and
constructive dialogue," President Martelly said, the report
discloses.
The thorny issue was one of the main agenda items of the meeting
that was attended by 17 heads of government and secretaries
generals from the Commonwealth and the Organization of American
States, the report says.
St Vincent and the Grenadines' Prime Minister Dr. Ralph Gonsalves
said CARICOM's position on the citizenship row is clear, the
report notes.
"We cannot accept in the 21st century, in our Caribbean
civilization, that citizenship be determined on the basis of
ethnicity or national origin of a people where that national
origin is but a cloak for an ethnic discrimination," Dr. Gonsalves
said, the report relays.
Officials in the Dominican Republic say only 10,000 people have
provided the documents required by its immigration registration
program, though an estimated 460,000 Haitian migrants reside in
the country, the report adds.
======================
P U E R T O R I C O
======================
ANNA'S LINENS: Has Interim Access to $80-Mil. DIP Facility
----------------------------------------------------------
U.S. Bankruptcy Judge Theodor Albert has granted interim approval
to the motion of Anna's Linens to access DIP financing up to an
aggregate principal amount of $80 million. The Debtor is also
authorized to use cash collateral. Pursuant to a credit agreement
dated July 18, 2014, the Debtor is indebted to Salus Capital
Partners, LLC, as administrative agent for a consortium of
lenders, the approximate amount of $66.425 million. Salus, as
postpetition administrative agent for a consortium of lender,
agreed to provide a DIP Facility of up to approximately $20
million in excess of the outstanding secured debt to Salus and
other prepetition secured lenders.
The DIP Facility accrues interest at LIBOR plus 8.5%, with a
minimum interest rate of 8.75%, paid monthly in arrears. During an
event of default, the applicable rate will increase by 4%.
The DIP Facility also provides for a closing fee equal to 0.5% of
the aggregate DIP Facility commitment amount of approximately $20
million in excess of the Prepetition Obligations, which fee will
be fully earned and due and payable on the Closing Date. An exit
fee equal to 1.0% of the aggregate of the aggregate DIP Facility
commitment amount of approximately $20 million in in excess of the
Prepetition Obligations, which fee will be fully earned on the
Closing Date, and concern sale so exit fee will be reduced to
0.5%.
A DIP Facility monitoring fee of $120,000 per annum, paid monthly
in advance in the amount $10,000 is also required under the DIP
Facility.
About Anna's Linens
Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices. Headquartered in
Costa Mesa, California, operates a chain of 268 company owned
retail stores throughout 19 states in the United States (including
Puerto Rico and Washington, D.C.) generates over $300 million in
annual revenue and employs a workforce of over 2,500 associates.
Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015. The case is assigned to Judge Theodor Albert. The Debtor
tapped Levene, Neale, Bender, Yoo & Brill LLP as counsel. The
Debtor estimated assets of $50 million to $100 million and debt of
$100 million to $500 million.
DORAL FINANCIAL: Seeks More Time to Control Bankruptcy Case
-----------------------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported
that the bankrupt parent of Puerto Rico's failed Doral Bank wants
three more months to control its chapter 11 case without the
threat of rival proposals as it looks to sell off more assets.
According to the Journal, in a June 29 filing with U.S. Bankruptcy
Court in Manhattan, Doral Financial Corp. said that while it has
"achieved a number of important tasks" in its Chapter 11 case so
far, including selling its insurance unit, it needs until Oct. 7
to file a viable reorganization plan and until Jan. 5, 2016, to
solicit votes on that plan.
Without the approval of Judge Shelley C. Chapman of U.S.
Bankruptcy Court in Manhattan, those periods would expire after
July 9 and Sept. 7, respectively, the Journal noted.
About Doral Financial
Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank. DFC maintains offices
in New York City, Coral Gables, Florida and San Juan, Puerto Rico.
DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.
On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver. Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.
DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015. The case is assigned to
Judge Shelley C. Chapman.
DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.
The Debtor tapped Ropes & Gray LLP as counsel.
The Debtor's Chapter 11 plan and Disclosure Statement are due July
9, 2015. The initial case conference is set for April 10, 2015.
The U.S. trustee overseeing the Chapter 11 case of Doral Financial
Corp. appointed five creditors of the company to serve on the
official committee of unsecured creditors.
HORNED DORSET: Hires Garcia-Arregui as Attorneys
------------------------------------------------
The Horned Dorset Primavera Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Garcia-
Arregui & Fullana PSC as attorneys.
The Debtor requires Garcia-Arregui to:
(a) advise the Debtor with respect to its duties, powers, and
responsibilities in this case under the laws of the United
States and Puerto Rico in which the debtor in possession
conducts its operations, do business, or is involved in
litigation;
(b) advise Debtor in possession with the determination whether
reorganization is feasible and, if not helping debtor in
the orderly liquidation of its assets;
(c) assist the Debtor with respect to negotiations with
creditors for the purpose of arranging the orderly
liquidation of assets and for proposing a viable plan of
reorganization;
(d) prepare on behalf of the Debtor the necessary complains
answer, order, reports memoranda of law under, or any other
legal document;
(e) appear before the bankruptcy court, or any other court in
which the Debtor asserts a claim interest or defense
directly or indirectly related to this bankruptcy case;
(f) perform other legal services for Debtor as may be required
in these proceedings or in connection with the operation
of/and involvement with the Debtor's business, including
but not limited to notary services.
Garcia-Arregui will be paid at these hourly rates:
Isabel M. Fullana, Partner $250
Associates $100-$150
Paralegal $90
Garcia-Arregui received a $20,000 retainer plus $1,717 filing fee
which was paid by the Debtor.
Isabel M. Fullana, partner of Garcia-Arregui, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.
Garcia-Arregui can be reached at:
Isabel M. Fullana, Esq.
GARCIA-ARREGUI & FULLANA PSC
252 Ponce de Leon Ave., Suite 1101
Hato Rey 00918
Tel: (787) 766-2530
Fax: (787) 756-7800
E-mail: isabelfullana@gmail.com
About The Horned Dorset Primavera
The Horned Dorset Primavera Inc. operates the Horned Dorset
Primavera, a small luxury hotel located in northwestern Puerto
Rico, two miles from the town of Rincon. The hotel --
http://www.horneddorset.net/-- is set among rolling hills at the
edge of the beautiful Caribbean Sea and is known for reserved
European service executed in an atmosphere unique in Puerto Rico
and the award-winning Restaurant Aaron. The hotel is a member of
Relais & Chateaux.
The Horned Dorset Primavera Inc. commenced a Chapter 11 bankruptcy
case (Bankr. D.P.R. Case No. 15-03837) in Old San Juan, Puerto
Rico on May 22, 2015.
According to the docket, the Debtor's Chapter 11 plan is due Nov.
18, 2015.
The Debtor has tapped Isabel M Fullana, Esq., at Garcia Arregui &
Fullana PSC, as counsel.
VIACAO AREA: Chapter 15 Case Summary
------------------------------------
VIACAO AREA SAO PAULO: Chapter 15 Case Summary
Chapter 15 Petitioner: Alexandre Tajra
Chapter 15 Debtor: Viacao Area Sao Paulo S.A
Praa da S, 21, Conjunto 203 e 207
S, So Paulo, SP 01001-001
Chapter 15 Case No.: 15-22091
Type of Business: Airline
Chapter 15 Petition Date: July 2, 2015
Court: United States Bankruptcy Court
Southern District of Florida (Miami)
Chapter 15 Petitioner's Counsel: John D Couriel, Esq.
Michael S. Kim, Esq.
Jeremy Hollembeak, Esq.
KOBRE & KIM LLP
2 S Biscayne Blvd 35 Floor
Miami, FL 33131
Tel: +1 305-967-6100
Fax: +1 305 967 6120
Email: john.couriel@kobrekim.com
Estimated Assets: $1 million to $10 million
Estimated Debts: More than $1 billion
=================
X X X X X X X X X
=================
LATAM: ECLAC Official Calls for Debt Write-off for CARICOM States
----------------------------------------------------------------
Caribbean360.com reports that Caribbean leaders appear to be
giving serious consideration to making a proposal requesting the
gradual write-off of billions of dollars in external debt.
The issue was raised by Executive Secretary of the UN Economic
Commission for Latin America and the Caribbean (ECLAC), Alicia
Barcena at a high-level meeting that preceded an official opening
of the 36th regular meeting of the Conference of Heads of
Government of CARICOM, according to Caribbean360.com.
Ms. Barcena pointed out that 40 per cent of the Caribbean's US$46
billion debt is to multinational agencies, with 14 per cent being
bilateral, the report notes.
Of that amount, Ms. Barcena said, US$30 billion was accumulated
between 1990 and 2014 as a result of natural disasters, the report
relates.
The report notes that Ms. Barcena described the situation facing
regional states are serious, explaining that five Caribbean
countries are among the most indebted in the world.
Ms. Barcena said the problems are compounded by the
vulnerabilities of Caribbean economies that are already facing a
decline in foreign direct investment, the report discloses.
"Antigua and Barbuda, Barbados, Grenada, Jamaica, St Kitts and
Nevis are the top five in the Caribbean," Ms. Barcena said, the
report relays. "Nobody talks about them. We all hear about
Belize. Of course it represents one per cent of the global debt
so we are not a systematic problem," Ms. Barcena added.
The report notes that the ECLAC official said "the time is ripe"
for CARICOM states, along with the Caribbean Development Bank, the
International Monetary Fund and the World Bank to hammer out an
agreement on a proposal for debt relief.
"The debt service payments should go to a resilience fund that can
probably be managed by the Caribbean Development Bank. The
resilience fund should be used . . . for infrastructure
adaptation, sea defense," Ms. Barcena said, the report relays.
"Another fund that should be very important is . . . an external
micro economic fund. That fund is for external shocks. Who should
support that external micro economic fund is the larger economies
of Latin America, the Brazil and Columbia," Ms. Barcena said, the
report discloses.
In his intervention, President of the Caribbean Development Bank
Dr. Warren Smith said Caribbean leaders need to show they are
serious about change by making hard decisions, the report notes.
"Even as we make a case for that debt relief we need to
demonstrate to those with whom we are negotiating that we are
prepared to take the tough decisions to do the right thing," Dr.
Smith told the meeting, the report relays.
"We need to change the structure of our economies. We can't
continue to do what we have done in the past and expect different
results," Dr. Smith added.
The discussion was attended by UN Secretary-General Ban Ki-moon,
Secretary-General of the Organization of American States Luis
Almagro Lemes, and Secretary-General of the Commonwealth Kamalesh
Sharma, among other officials, the report adds.
* Large Companies With Insolvent Balance Sheets
-----------------------------------------------
Total
Total Shareholders
Assets Equity
Company Ticker (US$MM) (US$MM)
------- ------ --------- ------------
FABRICA TECID-RT FTRX1 BZ 66603695.4 -76419246.3
METROGAS SA-A 153255Z AR 331403741 -24462400.6
METROGAS SA-C 153263Z AR 331403741 -24462400.6
LA POLAR SA NUEVAPOL CI 571550458 -31565432.3
TECTOY-PF-RTS5/6 TOYB11 BZ 27114628.6 -8215580.95
TEKA-ADR TEKAY US 313948165 -395261073
GOL-PREF GOLL4 BZ 3769323901 -125802483
GOL-ADR GOL US 3769323901 -125802483
GOL GOLL3 BZ 3769323901 -125802483
METROGAS-B MGSBF US 331403741 -24462400.6
BOMBRIL BMBBF US 323685704 -31241748
KARSTEN CTKCF US 174656858 -10482924.6
KARSTEN-PREF CTKPF US 174656858 -10482924.6
MANGELS INDL-PRF MGIRF US 176399866 -61689625.2
TEKA TKTQF US 313948165 -395261073
TEKA-PREF TKTPF US 313948165 -395261073
SNIAFA SA-B SDAGF US 11229696.2 -2670544.86
TEC TOY SA-PREF TOYDF US 27114628.6 -8215580.95
PUYEHUE RIGHT PUYEHUOS CI 17878064 -7344408.97
BATTISTELLA-RIGH BTTL1 BZ 120474772 -21271905.1
BATTISTELLA-RI P BTTL2 BZ 120474772 -21271905.1
BATTISTELLA-RECE BTTL9 BZ 120474772 -21271905.1
BATTISTELLA-RECP BTTL10 BZ 120474772 -21271905.1
AGRENCO LTD-BDR AGEN33 BZ 285996574 -543142756
GOL-ADR GOQ GR 3769323901 -125802483
PET MANG-RIGHTS 3678565Q BZ 140957879 -410925540
PET MANG-RIGHTS 3678569Q BZ 140957879 -410925540
PET MANG-RECEIPT 0229292Q BZ 140957879 -410925540
PET MANG-RECEIPT 0229296Q BZ 140957879 -410925540
MMX MINERACAO TRES3 BZ 1223308090 -312940530
INEPAR-RT ORD 3697782Q BZ 1191789041 -214360998
INEPAR-RT PREF 3697786Q BZ 1191789041 -214360998
INEPAR-RCT ORD 3697790Q BZ 1191789041 -214360998
INEPAR-RCT PREF 3697794Q BZ 1191789041 -214360998
RB CAPITAL RBCS3B BZ 13996658.5 -815.062365
MMX MINERACA-GDR MMXMY US 1223308090 -312940530
BOMBRIL HOLDING FPXE3 BZ 19416013.9 -489914853
BOMBRIL FPXE4 BZ 19416013.9 -489914853
SANESALTO SNST3 BZ 21339668.9 -6954061.77
BOMBRIL-RGTS PRE BOBR2 BZ 323685704 -31241748
BOMBRIL-RIGHTS BOBR1 BZ 323685704 -31241748
MMX MINERACA-GDR 0567931D CN 1223308090 -312940530
MMX MINERACA-GDR 3M11 GR 1223308090 -312940530
LAEP-BDR MILK33 BZ 222902269 -255311026
AGRENCO LTD AGRE LX 285996574 -543142756
LAEP INVESTMENTS LEAP LX 222902269 -255311026
INVERS ELEC BUEN IEBAA AR 239575758 -28902145.8
INVERS ELEC BUEN IEBAB AR 239575758 -28902145.8
OSX BRASIL SA OSXB3 BZ 2592199410 -291661108
MMX MINERACAO MMXCF US 1223308090 -312940530
CELGPAR GPAR3 BZ 233784351 -1156798479
RECRUSUL - RT 4529781Q BZ 25757600.8 -21626049.7
RECRUSUL - RT 4529785Q BZ 25757600.8 -21626049.7
RECRUSUL - RCT 4529789Q BZ 25757600.8 -21626049.7
RECRUSUL - RCT 4529793Q BZ 25757600.8 -21626049.7
RECRUSUL-BON RT RCSL11 BZ 25757600.8 -21626049.7
RECRUSUL-BON RT RCSL12 BZ 25757600.8 -21626049.7
BALADARE BLDR3 BZ 159449535 -52990723.7
TEXTEIS RENAU-RT TXRX1 BZ 48951015.5 -73535330.8
TEXTEIS RENAU-RT TXRX2 BZ 48951015.5 -73535330.8
TEXTEIS RENA-RCT TXRX9 BZ 48951015.5 -73535330.8
TEXTEIS RENA-RCT TXRX10 BZ 48951015.5 -73535330.8
CIA PETROLIF-PRF MRLM4 BZ 377592596 -3014215.1
CIA PETROLIFERA MRLM3 BZ 377592596 -3014215.1
NEWTEL PARTICIPA NEWT3 BZ 10517157.2 -10542831.7
NOVA AMERICA SA NOVA3 BZ 21287488.9 -183535526
NOVA AMERICA-PRF NOVA4 BZ 21287488.9 -183535526
EBX BRASIL SA CTMN3 BZ 2592199410 -291661108
GOL-ADR GOLN MM 3769323901 -125802483
OSX BRASIL SA EBXB3 BZ 2592199410 -291661108
LA POLAR-RT LAPOLARO CI 571550458 -31565432.3
ELECTRICIDAD ARG 3447811Z AR 948261051 -148983927
TEC TOY-RT 7335610Q BZ 27114628.6 -8215580.95
TEC TOY-RT 7335614Q BZ 27114628.6 -8215580.95
TEC TOY-RCT 7335626Q BZ 27114628.6 -8215580.95
TEC TOY-RCT 7335630Q BZ 27114628.6 -8215580.95
MMX MINERACAO-RT 4111484Q BZ 1223308090 -312940530
MMX MINERACA-RCT 4111488Q BZ 1223308090 -312940530
GOL-RT 0113333D BZ 3769323901 -125802483
GOL-RT 0113334D BZ 3769323901 -125802483
GOL-RCT 0113335D BZ 3769323901 -125802483
GOL-RCT 0113338D BZ 3769323901 -125802483
PET MANG-RT 4115360Q BZ 140957879 -410925540
PET MANG-RT 4115364Q BZ 140957879 -410925540
INEPAR-RT ORD INEP1 BZ 1191789041 -214360998
INEPAR-RT PREF INEP2 BZ 1191789041 -214360998
INEPAR-RCT ORD INEP9 BZ 1191789041 -214360998
INEPAR-RCT PREF INEP10 BZ 1191789041 -214360998
MINUPAR-RT 9314542Q BZ 76619687.5 -91780261.5
MINUPAR-RCT 9314634Q BZ 76619687.5 -91780261.5
MMX MINERACAO-RT 0626050D BZ 1223308090 -312940530
MMX MINERACA-RCT 0626051D BZ 1223308090 -312940530
PET MANG-RT 0229249Q BZ 140957879 -410925540
PET MANG-RT 0229268Q BZ 140957879 -410925540
RECRUSUL - RT 0163579D BZ 25757600.8 -21626049.7
RECRUSUL - RT 0163580D BZ 25757600.8 -21626049.7
RECRUSUL - RCT 0163582D BZ 25757600.8 -21626049.7
RECRUSUL - RCT 0163583D BZ 25757600.8 -21626049.7
PORTX OPERA-GDR PXTPY US 976769385 -9407990.18
PORTX OPERACOES PRTX3 BZ 976769385 -9407990.18
OSX BRASIL S-GDR OSXRY US 2592199410 -291661108
TEC TOY-RT 1254570D BZ 27114628.6 -8215580.95
TEC TOY-RT 1254571D BZ 27114628.6 -8215580.95
TEC TOY-RCT 1254572D BZ 27114628.6 -8215580.95
TEC TOY-RCT 1254573D BZ 27114628.6 -8215580.95
MMX MINERACAO MMXM11 BZ 1223308090 -312940530
MINUPAR-RT 0599562D BZ 76619687.5 -91780261.5
MINUPAR-RCT 0599564D BZ 76619687.5 -91780261.5
PET MANG-RT RPMG2 BZ 140957879 -410925540
PET MANG-RT 0848424D BZ 140957879 -410925540
PET MANG-RECEIPT RPMG9 BZ 140957879 -410925540
PET MANG-RECEIPT RPMG10 BZ 140957879 -410925540
GOL-RT GOLL1 BZ 3769323901 -125802483
GOL-RT 1003237D BZ 3769323901 -125802483
GOL-RCT GOLL9 BZ 3769323901 -125802483
GOL-RCT 1003238D BZ 3769323901 -125802483
LAEP INVESTMEN-B 0122427D LX 222902269 -255311026
LAEP INVES-BDR B 0163599D BZ 222902269 -255311026
RECRUSUL - RT 0614673D BZ 25757600.8 -21626049.7
RECRUSUL - RT 0614674D BZ 25757600.8 -21626049.7
RECRUSUL - RCT 0614675D BZ 25757600.8 -21626049.7
RECRUSUL - RCT 0614676D BZ 25757600.8 -21626049.7
TEKA-RTS TEKA1 BZ 313948165 -395261073
TEKA-RTS TEKA2 BZ 313948165 -395261073
TEKA-RCT TEKA9 BZ 313948165 -395261073
TEKA-RCT TEKA10 BZ 313948165 -395261073
MINUPAR-RTS MNPR1 BZ 76619687.5 -91780261.5
MINUPAR-RCT MNPR9 BZ 76619687.5 -91780261.5
LA POLAR-RT LAPOLAOS CI 571550458 -31565432.3
RECRUSUL SA-RTS RCSL1 BZ 25757600.8 -21626049.7
RECRUSUL SA-RTS RCSL2 BZ 25757600.8 -21626049.7
RECRUSUL SA-RCT RCSL9 BZ 25757600.8 -21626049.7
RECRUSUL - RCT RCSL10 BZ 25757600.8 -21626049.7
OSX BRASIL - RTS 0701756D BZ 2592199410 -291661108
OSX BRASIL - RTS 0701757D BZ 2592199410 -291661108
LA POLAR SA LAPOLAR CI 571550458 -31565432.3
MMX MINERACA-RTS MMXM1 BZ 1223308090 -312940530
MMX MINERACA-RCT MMXM9 BZ 1223308090 -312940530
OSX BRASIL - RTS 0812903D BZ 2592199410 -291661108
OSX BRASIL - RTS 0812904D BZ 2592199410 -291661108
OSX BRASIL SA OSXRF US 2592199410 -291661108
OSX BRASIL - RTS OSXB1 BZ 2592199410 -291661108
OSX BRASIL - RTS OSXB9 BZ 2592199410 -291661108
NEWTEL PARTI-RTS 1051621D BZ 10517157.2 -10542831.7
PET MANG-RTS 1227980D BZ 140957879 -410925540
AGRENCO LTD-BDR AGEN11 BZ 285996574 -543142756
LAEP-BDR MILK11 BZ 222902269 -255311026
MMX MINERACA-GDR MMXMD US 1223308090 -312940530
MMX MINERACAO MMXXF US 1223308090 -312940530
GOL PREF - RTS GOLL2 BZ 3769323901 -125802483
GOL PREF - RCT GOLL10 BZ 3769323901 -125802483
BOMBRIL - RTS BOBR11 BZ 323685704 -31241748
KARSTEN SA - RTS CTKA1 BZ 174656858 -10482924.6
KARSTEN SA - RTS CTKA2 BZ 174656858 -10482924.6
KARSTEN SA - RCT CTKA9 BZ 174656858 -10482924.6
KARSTEN SA - RCT CTKA10 BZ 174656858 -10482924.6
NEWTEL PARTI-RCT NEWT9B BZ 10517157.2 -10542831.7
NEWTEL PARTI-RTS NEWT1B BZ 10517157.2 -10542831.7
CELGPAR-RTS GPAR11 BZ 233784351 -1156798479
LA POLAR-RTS BON LAPOLAOB CI 571550458 -31565432.3
PET MANGUINH-RTS RPMG1 BZ 140957879 -410925540
METROGAS-B METR AR 331403741 -24462400.6
METROGAS-B BLOCK METRB AR 331403741 -24462400.6
METROGAS-B METRC AR 331403741 -24462400.6
METROGAS-B METRD AR 331403741 -24462400.6
METROGAS SA MGAI US 331403741 -24462400.6
METROGAS-B MGSB GR 331403741 -24462400.6
METROGAS-ADR MGS US 331403741 -24462400.6
METROGAS-ADR MGSA GR 331403741 -24462400.6
ARTHUR LANGE ARLA3 BZ 11642254.9 -17154460.3
ARTHUR LANGE SA ALICON BZ 11642254.9 -17154460.3
ARTHUR LANGE-PRF ARLA4 BZ 11642254.9 -17154460.3
ARTHUR LANGE-PRF ALICPN BZ 11642254.9 -17154460.3
ARTHUR LANG-RT C ARLA1 BZ 11642254.9 -17154460.3
ARTHUR LANG-RT P ARLA2 BZ 11642254.9 -17154460.3
ARTHUR LANG-RC C ARLA9 BZ 11642254.9 -17154460.3
ARTHUR LANG-RC P ARLA10 BZ 11642254.9 -17154460.3
ARTHUR LAN-DVD C ARLA11 BZ 11642254.9 -17154460.3
ARTHUR LAN-DVD P ARLA12 BZ 11642254.9 -17154460.3
BOMBRIL BOBR3 BZ 323685704 -31241748
BOMBRIL CIRIO SA BOBRON BZ 323685704 -31241748
BOMBRIL-PREF BOBR4 BZ 323685704 -31241748
BOMBRIL CIRIO-PF BOBRPN BZ 323685704 -31241748
BOMBRIL SA-ADR BMBPY US 323685704 -31241748
BOMBRIL SA-ADR BMBBY US 323685704 -31241748
BUETTNER BUET3 BZ 82872146.2 -36299304.3
BUETTNER SA BUETON BZ 82872146.2 -36299304.3
BUETTNER-PREF BUET4 BZ 82872146.2 -36299304.3
BUETTNER SA-PRF BUETPN BZ 82872146.2 -36299304.3
BUETTNER SA-RTS BUET1 BZ 82872146.2 -36299304.3
BUETTNER SA-RT P BUET2 BZ 82872146.2 -36299304.3
CAF BRASILIA CAFE3 BZ 160933830 -149277092
CAFE BRASILIA SA CSBRON BZ 160933830 -149277092
CAF BRASILIA-PRF CAFE4 BZ 160933830 -149277092
CAFE BRASILIA-PR CSBRPN BZ 160933830 -149277092
IGUACU CAFE IGUA3 BZ 190073766 -74308212
IGUACU CAFE IGCSON BZ 190073766 -74308212
IGUACU CAFE IGUCF US 190073766 -74308212
IGUACU CAFE-PR A IGUA5 BZ 190073766 -74308212
IGUACU CAFE-PR A IGCSAN BZ 190073766 -74308212
IGUACU CAFE-PR A IGUAF US 190073766 -74308212
IGUACU CAFE-PR B IGUA6 BZ 190073766 -74308212
IGUACU CAFE-PR B IGCSBN BZ 190073766 -74308212
SCHLOSSER SCLO3 BZ 46981417.3 -55419754.7
SCHLOSSER SA SCHON BZ 46981417.3 -55419754.7
SCHLOSSER-PREF SCLO4 BZ 46981417.3 -55419754.7
SCHLOSSER SA-PRF SCHPN BZ 46981417.3 -55419754.7
KARSTEN SA CTKA3 BZ 174656858 -10482924.6
KARSTEN CTKON BZ 174656858 -10482924.6
KARSTEN-PREF CTKA4 BZ 174656858 -10482924.6
KARSTEN-PREF CTKPN BZ 174656858 -10482924.6
COBRASMA CBMA3 BZ 68585867.9 -2324358597
COBRASMA SA COBRON BZ 68585867.9 -2324358597
COBRASMA-PREF CBMA4 BZ 68585867.9 -2324358597
COBRASMA SA-PREF COBRPN BZ 68585867.9 -2324358597
D H B DHBI3 BZ 94806424.1 -188014922
DHB IND E COM DHBON BZ 94806424.1 -188014922
D H B-PREF DHBI4 BZ 94806424.1 -188014922
DHB IND E COM-PR DHBPN BZ 94806424.1 -188014922
DOCA INVESTIMENT DOCA3 BZ 187044412 -204249587
DOCAS SA DOCAON BZ 187044412 -204249587
DOCA INVEST-PREF DOCA4 BZ 187044412 -204249587
DOCAS SA-PREF DOCAPN BZ 187044412 -204249587
DOCAS SA-RTS PRF DOCA2 BZ 187044412 -204249587
FABRICA RENAUX FTRX3 BZ 66603695.4 -76419246.3
FABRICA RENAUX FRNXON BZ 66603695.4 -76419246.3
FABRICA RENAUX-P FTRX4 BZ 66603695.4 -76419246.3
FABRICA RENAUX-P FRNXPN BZ 66603695.4 -76419246.3
HAGA HAGA3 BZ 17930008.8 -31863962
FERRAGENS HAGA HAGAON BZ 17930008.8 -31863962
FER HAGA-PREF HAGA4 BZ 17930008.8 -31863962
FERRAGENS HAGA-P HAGAPN BZ 17930008.8 -31863962
CIMOB PARTIC SA GAFP3 BZ 44047412.2 -45669964.1
CIMOB PARTIC SA GAFON BZ 44047412.2 -45669964.1
CIMOB PART-PREF GAFP4 BZ 44047412.2 -45669964.1
CIMOB PART-PREF GAFPN BZ 44047412.2 -45669964.1
IGB ELETRONICA IGBR3 BZ 307112239 -59872446.9
GRADIENTE ELETR IGBON BZ 307112239 -59872446.9
GRADIENTE-PREF A IGBR5 BZ 307112239 -59872446.9
GRADIENTE EL-PRA IGBAN BZ 307112239 -59872446.9
GRADIENTE-PREF B IGBR6 BZ 307112239 -59872446.9
GRADIENTE EL-PRB IGBBN BZ 307112239 -59872446.9
GRADIENTE-PREF C IGBR7 BZ 307112239 -59872446.9
GRADIENTE EL-PRC IGBCN BZ 307112239 -59872446.9
HOTEIS OTHON SA HOOT3 BZ 207664352 -21612890.7
HOTEIS OTHON SA HOTHON BZ 207664352 -21612890.7
HOTEIS OTHON-PRF HOOT4 BZ 207664352 -21612890.7
HOTEIS OTHON-PRF HOTHPN BZ 207664352 -21612890.7
RENAUXVIEW SA TXRX3 BZ 48951015.5 -73535330.8
TEXTEIS RENAUX RENXON BZ 48951015.5 -73535330.8
RENAUXVIEW SA-PF TXRX4 BZ 48951015.5 -73535330.8
TEXTEIS RENAUX RENXPN BZ 48951015.5 -73535330.8
INEPAR INEP3 BZ 1191789041 -214360998
INEPAR SA INPRON BZ 1191789041 -214360998
INEPAR-PREF INEP4 BZ 1191789041 -214360998
INEPAR SA-PREF INPRPN BZ 1191789041 -214360998
INEPAR-COM DVD INEP11 BZ 1191789041 -214360998
INEPAR BONUS B INEP12 BZ 1191789041 -214360998
INEPAR-PRF DVD INEP13 BZ 1191789041 -214360998
PARMALAT LCSA3 BZ 388720096 -213641152
PARMALAT BRASIL LCSAON BZ 388720096 -213641152
PADMA INDUSTRIA LCSA4 BZ 388720096 -213641152
PARMALAT BRAS-PF LCSAPN BZ 388720096 -213641152
PARMALAT BR-RT C LCSA5 BZ 388720096 -213641152
PARMALAT BR-RT P LCSA6 BZ 388720096 -213641152
MANGELS INDL MGEL3 BZ 176399866 -61689625.2
MANGELS INDL SA MISAON BZ 176399866 -61689625.2
MANGELS INDL-PRF MGEL4 BZ 176399866 -61689625.2
MANGELS INDL-PRF MISAPN BZ 176399866 -61689625.2
ESTRELA SA ESTR3 BZ 101429217 -112373470
ESTRELA SA ESTRON BZ 101429217 -112373470
ESTRELA SA-PREF ESTR4 BZ 101429217 -112373470
ESTRELA SA-PREF ESTRPN BZ 101429217 -112373470
MET DUQUE DUQE3 BZ 75039127.4 -2847420.37
MET DUQUE MDUON BZ 75039127.4 -2847420.37
MET DUQUE-PREF DUQE4 BZ 75039127.4 -2847420.37
MET DUQUE-PREF MDUPN BZ 75039127.4 -2847420.37
WETZEL SA MWET3 BZ 85449973 -19170318.6
WETZEL SA MWELON BZ 85449973 -19170318.6
WETZEL SA-PREF MWET4 BZ 85449973 -19170318.6
WETZEL SA-PREF MWELPN BZ 85449973 -19170318.6
MINUPAR MNPR3 BZ 76619687.5 -91780261.5
MINUPAR SA MNPRON BZ 76619687.5 -91780261.5
MINUPAR-PREF MNPR4 BZ 76619687.5 -91780261.5
MINUPAR SA-PREF MNPRPN BZ 76619687.5 -91780261.5
NOVA AMERICA SA NOVA3B BZ 21287488.9 -183535526
NOVA AMERICA SA NOVAON BZ 21287488.9 -183535526
NOVA AMERICA-PRF NOVA4B BZ 21287488.9 -183535526
NOVA AMERICA-PRF NOVAPN BZ 21287488.9 -183535526
NOVA AMERICA-PRF 1NOVPN BZ 21287488.9 -183535526
NOVA AMERICA SA 1NOVON BZ 21287488.9 -183535526
RECRUSUL RCSL3 BZ 25757600.8 -21626049.7
RECRUSUL SA RESLON BZ 25757600.8 -21626049.7
RECRUSUL-PREF RCSL4 BZ 25757600.8 -21626049.7
RECRUSUL SA-PREF RESLPN BZ 25757600.8 -21626049.7
PETRO MANGUINHOS RPMG3 BZ 140957879 -410925540
PETRO MANGUINHOS MANGON BZ 140957879 -410925540
PET MANGUINH-PRF RPMG4 BZ 140957879 -410925540
PETRO MANGUIN-PF MANGPN BZ 140957879 -410925540
RIMET REEM3 BZ 103098359 -185417651
RIMET REEMON BZ 103098359 -185417651
RIMET-PREF REEM4 BZ 103098359 -185417651
RIMET-PREF REEMPN BZ 103098359 -185417651
SANSUY SNSY3 BZ 164647493 -171565662
SANSUY SA SNSYON BZ 164647493 -171565662
SANSUY-PREF A SNSY5 BZ 164647493 -171565662
SANSUY SA-PREF A SNSYAN BZ 164647493 -171565662
SANSUY-PREF B SNSY6 BZ 164647493 -171565662
SANSUY SA-PREF B SNSYBN BZ 164647493 -171565662
SNIAFA SA SNIA AR 11229696.2 -2670544.86
SNIAFA SA-B SNIA5 AR 11229696.2 -2670544.86
PILMAIQUEN PILMAIQ CI 169175281 -28425493.1
BOTUCATU TEXTIL STRP3 BZ 27663605.3 -7174512.12
STAROUP SA STARON BZ 27663605.3 -7174512.12
BOTUCATU-PREF STRP4 BZ 27663605.3 -7174512.12
STAROUP SA-PREF STARPN BZ 27663605.3 -7174512.12
TECTOY TOYB3 BZ 27114628.6 -8215580.95
TECTOY SA TOYBON BZ 27114628.6 -8215580.95
TECTOY-PREF TOYB4 BZ 27114628.6 -8215580.95
TECTOY SA-PREF TOYBPN BZ 27114628.6 -8215580.95
TEC TOY SA-PREF TOYB5 BZ 27114628.6 -8215580.95
TEC TOY SA-PF B TOYB6 BZ 27114628.6 -8215580.95
TECTOY TOYB13 BZ 27114628.6 -8215580.95
TECTOY-RCPT PF B TOYB12 BZ 27114628.6 -8215580.95
TEKA TEKA3 BZ 313948165 -395261073
TEKA TEKAON BZ 313948165 -395261073
TEKA-PREF TEKA4 BZ 313948165 -395261073
TEKA-PREF TEKAPN BZ 313948165 -395261073
TEKA-ADR TKTPY US 313948165 -395261073
TEKA-ADR TKTQY US 313948165 -395261073
F GUIMARAES FGUI3 BZ 11016542.2 -151840378
FERREIRA GUIMARA FGUION BZ 11016542.2 -151840378
F GUIMARAES-PREF FGUI4 BZ 11016542.2 -151840378
FERREIRA GUIM-PR FGUIPN BZ 11016542.2 -151840378
VARIG SA VAGV3 BZ 966298048 -4695211008
VARIG SA VARGON BZ 966298048 -4695211008
VARIG SA-PREF VAGV4 BZ 966298048 -4695211008
VARIG SA-PREF VARGPN BZ 966298048 -4695211008
WIEST WISA3 BZ 34107195.1 -126993682
WIEST SA WISAON BZ 34107195.1 -126993682
WIEST-PREF WISA4 BZ 34107195.1 -126993682
WIEST SA-PREF WISAPN BZ 34107195.1 -126993682
ELEC ARG SA-PREF EASA6 AR 948261051 -148983927
ELEC ARGENT-ADR EASA LX 948261051 -148983927
ELEC DE ARGE-ADR 1262Q US 948261051 -148983927
LOJAS ARAPUA LOAR3 BZ 37959788.7 -3613691912
LOJAS ARAPUA LOARON BZ 37959788.7 -3613691912
LOJAS ARAPUA-PRF LOAR4 BZ 37959788.7 -3613691912
LOJAS ARAPUA-PRF LOARPN BZ 37959788.7 -3613691912
LOJAS ARAPUA-PRF 52353Z US 37959788.7 -3613691912
LOJAS ARAPUA-GDR 3429T US 37959788.7 -3613691912
LOJAS ARAPUA-GDR LJPSF US 37959788.7 -3613691912
BATTISTELLA BTTL3 BZ 120474772 -21271905.1
BATTISTELLA-PREF BTTL4 BZ 120474772 -21271905.1
HOPI HARI SA PQTM3 BZ 129077627 -2031408.69
HOPI HARI-PREF PQTM4 BZ 129077627 -2031408.69
PARQUE TEM-DV CM PQT5 BZ 129077627 -2031408.69
PARQUE TEM-DV PF PQT6 BZ 129077627 -2031408.69
PARQUE TEM-RT CM PQTM1 BZ 129077627 -2031408.69
PARQUE TEM-RT PF PQTM2 BZ 129077627 -2031408.69
PARQUE TEM-RCT C PQTM9 BZ 129077627 -2031408.69
PARQUE TEM-RCT P PQTM10 BZ 129077627 -2031408.69
INVERS ELEC BUEN IEBA AR 239575758 -28902145.8
NEWTEL PARTICIPA NEWT3B BZ 10517157.2 -10542831.7
NEWTEL PARTICIPA 1NEWON BZ 10517157.2 -10542831.7
MMX MINERACAO MMXM3 BZ 1223308090 -312940530
TRESSEM PART SA 1TSSON BZ 1223308090 -312940530
CIA PETROLIFERA MRLM3B BZ 377592596 -3014215.1
CIA PETROLIF-PRF MRLM4B BZ 377592596 -3014215.1
CIA PETROLIFERA 1CPMON BZ 377592596 -3014215.1
CIA PETROLIF-PRF 1CPMPN BZ 377592596 -3014215.1
PUYEHUE PUYEH CI 17878064 -7344408.97
IMPSAT FIBER NET IMPTQ US 535007008 -17164978
IMPSAT FIBER NET 330902Q GR 535007008 -17164978
IMPSAT FIBER NET XIMPT SM 535007008 -17164978
IMPSAT FIBER-CED IMPT AR 535007008 -17164978
IMPSAT FIBER-C/E IMPTC AR 535007008 -17164978
IMPSAT FIBER-$US IMPTD AR 535007008 -17164978
IMPSAT FIBER-BLK IMPTB AR 535007008 -17164978
VARIG PART EM TR VPTA3 BZ 49432119.3 -399290357
VARIG PART EM-PR VPTA4 BZ 49432119.3 -399290357
VARIG PART EM SE VPSC3 BZ 83017828 -495721697
VARIG PART EM-PR VPSC4 BZ 83017828 -495721697
***********
Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable. Those
sources may not, however, be complete or accurate. The Monday
Bond Pricing table is compiled on the Friday prior to publication.
Prices reported are not intended to reflect actual trades. Prices
for actual trades are probably different. Our objective is to
share information, not make markets in publicly traded securities.
Nothing in the TCR-LA constitutes an offer or solicitation to buy
or sell any security of any kind. It is likely that some entity
affiliated with a TCR-LA editor holds some position in the
issuers' public debt and equity securities about which we report.
Tuesday's edition of the TCR-LA features a list of companies with
insolvent balance sheets obtained by our editors based on the
latest balance sheets publicly available a day prior to
publication. At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets. A company may establish reserves on its balance sheet for
liabilities that may never materialize. The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.
Submissions about insolvency-related conferences are encouraged.
Send announcements to conferences@bankrupt.com
***********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C.,
USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Julie Anne L. Toledo, and Peter A.
Chapman, Editors.
Copyright 2015. All rights reserved. ISSN 1529-2746.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.
Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.
The TCR Latin America subscription rate is US$775 per half-year,
delivered via e-mail. Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each. For subscription information,
contact Peter A. Chapman at 215-945-7000 or Nina Novak at
202-362-8552.
* * * End of Transmission * * *