Donald Trump's Panama project faces debt deal
Friday, February 1, 2013

Newland International Properties, which is developing the Trump Ocean Club in Panama, announced a restructuring deal for $220 million of bonds, said Ajata Mediratta, from Greylock Capital Management.
Creditors of the project will likely accept the deal, said Mediratta, who leads a committee that represents more than 75 percent of bondholders.
The agreement could also include the pre-negotiated use of Chapter 11 process under New York law, Newland announced.
Full story (in Spanish)