Pursuits
Gol Bondholders Said to Hire Bankers and Oppose Debt Plan
- Group represents 20 percent of dollar noteholders, people say
- Investors said to see overseas bonds as being treated unfairly
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A group of Gol Linhas Aereas SA’s bondholders views the Brazilian airline’s debt restructuring proposal as unfair and has hired U.S. investment bank Houlihan Lokey Inc. to negotiate with the company, according to two people with direct knowledge of the matter.
The investor group, representing owners of more than 20 percent of Gol’s dollar notes, sees the plan as failing to provide equal treatment for all unsecured bondholders, the people said. They asked not to be named because the discussions are private.