Steelmaker completes rare out-of-court restructuring in Ecuador
Guayaquil, Ecuador, where Talme has its headquarters (Credit: iStock.com/DC_Colombia)
Two years after filing for bankruptcy, Ecuadorean steelmaker Talleres Metalurgicos (Talme) has won approval from international creditors to restructure US$25 million of debt in a rare example of Ecuador’s out-of-court restructuring legislation being put to use.
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