Avenue Capital Said to Join BlueMountain in TP Ferro Debt Talks
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Avenue Capital Group LLC and BlueMountain Capital Management LLC are leading a group of hedge funds in talks about restructuring TP Ferro Concesionaria SA’s debt, according to two people familiar with the situation.
Owners of the high-speed rail link between Spain and France are seeking to reorganize 445 million euros ($505 million) of debt before it matures on March 31, said the people, who asked not to be identified because the information is private.