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SAO PAULO (Reuters) - Creditors of Brazilian miner Samarco Mineracao SA, a joint venture of Vale SA and BHP Billiton Ltd, on Monday rejected the debt restructuring plan presented by the company in an online creditors assembly.
Creditors are expected to present an alternative plan for the debt restructuring within 30 days. Representatives of 99.3% of unsecured credits rejected the plan, while smaller creditors in different classes voted favorable to the company's plan.
An alternative plan desig...
>>> Read more: Brazilian miner Samarco creditors reject debt restructuring proposal
Creditors are expected to present an alternative plan for the debt restructuring within 30 days. Representatives of 99.3% of unsecured credits rejected the plan, while smaller creditors in different classes voted favorable to the company's plan.
An alternative plan desig...
>>> Read more: Brazilian miner Samarco creditors reject debt restructuring proposal
