Wed 10/05/2022 10:49 AM
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Relevant Items:
H1’22 Financial Report
Prospectus: 7% SNs Due October 2022
Prospectus: 8.25% Secured FRNs Due June 2026
Supplement No. 1: 2026 Notes
Summary of Prospectus: 2026 Notes
Legal Analysis of 2022 and 2026 Notes

Metalcorp is facing an event of default on its 2022 bonds on Sunday, Oct. 9 after it failed to repay the 2022s on Oct. 2. See our report HERE. In the face of the latest events, our legal analysts have highlighted the covenant concerns listed below.

Bondholders are working to form...
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