Debt Restructuring

High benchmark interest rates of 14.25 percent are pushing Brazilian companies to restructure debt, with out-of-court restructurings surging to 109 billion reais in 2026 (up from 41.5 billion reais in 2024). Debt restructuring filings increased from 16 in 2021 to 84 in 2025, with 33 companies already filing this year.

A federal control board overseeing Puerto Rico’s finances proposed a $3 billion settlement to restructure the U.S. territory’s power company debt, offering cash and new bonds to bondholders seeking $8.5 billion in claims. The settlement, $1.4 billion more than previously offered, aims to resolve a decade-long debt crisis, though concerns remain about potential funding through higher power bills.

The United States is a major obstacle to China-Venezuela oil-for-loan agreements, complicating a historic $240 billion debt restructuring. Venezuela plans to disclose this debt pile following Washington’s January abduction of then President Nicolas Maduro.

Venezuela is attempting to quickly restructure its debt following two devastating earthquakes, but some bondholders have expressed concerns about the process.

Senegal’s government is open to debt restructuring after discovering billions in undisclosed debt from the previous leadership, which pushed its debt to over 130% of GDP. Political tensions between President Bassirou Diomaye Faye and former Prime Minister Ousmane Sonko over debt resolution led to a crisis, but Sonko has softened his opposition. The IMF acknowledged progress in reducing the deficit but highlighted risks from the Iran war.

Venezuela's GDP has fallen from $370 billion in 2012 to $100 billion, with a $240 billion debt pile expected to be revealed. The US-imposed regime change and lifted sanctions may enable a historic debt restructuring, surpassing Greece's 2012 default and involving numerous creditors without IMF participation.

Venezuela is set to reveal a $240 billion debt pile, which is significantly higher than previously estimated. This disclosure marks the largest restructuring in history.

Venezuela is set to disclose a $240 billion debt, revealing more borrowing than anticipated following the overthrow of Maduro. The country is undergoing the world's largest debt restructuring.

Venezuela is addressing a $240bn debt pile through restructuring efforts as it aims to re-enter global markets. The country's move highlights its financial challenges and strategic push for international economic engagement.

Oncoclínicas, Brazil's largest private cancer-care network, is nearing a debt reckoning with cash shortages and plans to hold bondholder meetings for debt restructuring. The company's net debt is approximately 3 billion reais.

Senegal’s Ousmane Sonko, now parliament’s speaker, expressed openness to IMF debt restructuring talks, a shift from his previous opposition as prime minister. The country faces economic pressure after undisclosed $7 billion loans pushed debt to over 130% of GDP, leading the IMF to suspend a $1.8 billion lending program.

Atalian creditors have agreed to take over the firm as part of a debt restructuring process. The move aims to reorganize the company's financial obligations under creditor oversight.

Matthieu Pigasse, a veteran French banker, is playing a central role in Venezuela’s $150 billion debt restructuring as his firm Centerview Partners was appointed as the advisor without a competitive process.

Matthieu Pigasse, a French banker based in Liffre, France, has secured a controversial and exceptional contract to restructure Venezuela's debt. The deal, dated April 25, 2026, highlights tensions around international financial interventions in politically sensitive regions.

Fitch predicts Mozambique will restructure its debt prior to finalizing a new agreement with the International Monetary Fund (IMF). The article references an aerial photo of Maputo, Mozambique's capital, taken in 2025.

CD&R-backed Multi-Color has received approval for its debt restructuring plan. The company, supported by the private equity firm Clayton, Dubilier & Rice, is now positioned to reorganize its financial obligations.