Lebanon's debt talks to start soon, will likely last months [Reuters]
Houlihan Lokey, Inc. Class A (HLI)
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Source: Reuters
Lebanon's debt talks to start soon, will likely last months BEIRUT (Reuters) - Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the economy minister told a local broadcaster, as the country headed for its first sovereign default. Face-to-face negotiations between Lebanon and bond holders are expected to begin in about two weeks, a source familiar with the matter told Reuters. Hit by a major financial crisis, Lebanon declared on Saturday it could not pay forthcoming maturities - the first of which is a $1.2 billion bond due on Monday. The prime minister called for fair restructuring negotiations. The default will mark a new phase in a crisis that has hammered the economy since October, slicing around 40% off the value of the currency, denying savers free access to their deposits and fuelling unemployment and unrest. The financial crisis is seen as the biggest risk to Lebanon’s stability since the end of the 1975-90 c
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HLI
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- 2/1/24 - Beat
HLI
Sec Filings
- 4/30/24 - Form 8-K
- 4/30/24 - Form 424B7
- 4/3/24 - Form SC
- HLI's page on the SEC website