Connect with us

Hi, what are you looking for?

Ecuador Political News

Petroamazonas gets extension – Latin Finance

Petroamazonas, one of two state-owned oil companies in Ecuador, said that creditors agreed to accept late interest payments and put off the maturity date of its 2020 bonds by almost a year.

The company needed consent from holders of at least 75% of the $175 million in outstanding 4.625% 2020 notes to get the extension. In the end, investors with 98.9% of the notes agreed to the proposal, Petroamazonas said in a statement on Monday.

A group that holds roughly 60% of the outstanding 2020 notes, represented by White & Case, had already agreed to the proposal when Petroamazonas announced it on April 28.

To read the full article on Latin Finance, click here.



Members of indigenous communities in the Amazon in Ecuador would like to know: What happened to the more than $20M reportedly raised on their behalf by now-disbarred NY lawyer Steven Donziger? #FollowtheMoney
#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:

You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

Steven Donziger is the best example of how a handful...

Chevron Ecuador Lawsuit News

A lawsuit against oil companies reflects progressive attempts to criminalize...