Ukraine’s Mriya Creditors Propose $1 Billion Restructuring Plan
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Creditors of Mriya Agro Holding Plc said they presented the Ukrainian agricultural group with their own plan to restructure about $1 billion debt.
Bondholders and lenders want the company to hire a chief restructuring officer and have submitted a “detailed proposal” to help rescue the company and avoid insolvency, according to an e-mailed statement from Rothschild, their financial adviser. Tension between management and creditors has been growing since Mriya said in August it missed payments on some of its obligations.