A group of three creditors filed a petition in the United States so that TV Azteca de México file for bankruptcy involuntarilyalleging that the station is not paying the 63.32 million dollars (mdd) that it owes them, according to information from the Reuters agency.
The bondholders, Luxembourg-based Plenisfer Investments SICAV, New York-based Cyrus Capital Partners and Cayman Islands-registered Sandpiper Ltd, filed the Chapter 11 petition Monday in federal court in New York.
RELATED: US creditors prepare legal actions against TV Azteca for debt
They are represented by the New York law firm Akin Gump, which also represented a group of bondholders in a similar lawsuit against Mexican nonbank lender Credito Real, which collapsed after defaulting on a bond last year.
Controlled by Mexican tycoon Ricardo Salinas Pliego, the The broadcaster has faced months of pressure from its creditors to pay its debtswhich at the end of September amounted to 9,840 million pesos (526 million dollars).
This was less than the 12.600 million pesos (674 million) of the previous year, since the company settled some outstanding certificates.
TV Azteca, which did not immediately respond to a request for comment, last month postponed its earnings report to the last quarter of 2022, without giving a specific date.
A Wall Street Journal report from January 2022 indicated that United States creditors were preparing legal actions against TV Azteca for non-payment of interest byr a bond for 16.6 million dollars.
The WSJ points out that TV Azteca is being considered for involuntary bankruptcy proceedings in Mexico, where creditors would also seek legal judgments for payment.
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Reuters UK-based news agency.