Tue 12/19/2023 00:35 AM
UPDATE 1: 12:36 a.m. ET 12/19/2023: Oaktree Capital Management has exited the bondholder ad hoc group or AHG, comprising holders of Vedanta Resources Ltd. or VRL’s $1 billion 13.875% bonds due January 2024 and $1.2 billion 8.95% bonds March 2025 after some of its demands, put forth collectively as part of AHG, pertaining to the structure of extended bonds under the proposed liability management exercise or LME, were accommodated by the company in the final LME proposal released on Dec....
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