Elliott Issues Truvo Subsidiary Corp. Statement
Euro 395,000,000 8.50% Senior Notes due 2014 (ISIN XS 0206614702 and XS 0206615428) and $200,000,000 8.375% Senior Notes due 2014 (ISIN US 92926TAA25 and USU 94285AA83) (the "Notes") issued by WDAC Subsidiary Corp. (now Truvo Subsidiary Corp. ("Truvo"))
NEW YORK, March 25 /PRNewswire/ -- Elliott Associates, L.P. (together with funds under common management), today issued the following statement regarding Truvo Subsidiary Corp.
"Elliott welcomes the announcement by Truvo that it has obtained consent under the Senior Facilities Agreement to commence debt restructuring negotiations with holders of the Notes."
Elliott holds 32% of the Notes and also holds a significant position in Truvo's Senior loans and is a significant holder of credit default swap protection referencing Truvo Subsidiary Corp. Elliott's positions in Truvo are subject to change without notice.
About Elliott
Elliott's two funds, Elliott Associates, L.P. and Elliott International, L.P., together have more than $16 billion of assets under management. The funds' investors include institutions, foundations, endowments, pensions, high net worth individuals, and family offices. The 33-year-old trading firm is one of the oldest of its kind under continuous management.
SOURCE Elliott Associates, L.P.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article