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Meridian Telecom S.A. · Corporate · Restructuring · 2025-10-10

Meridian Telecom S.A. 2025 (B)

publisheddevelopment split9 verified of 9 questions · 2 documents · 1 instruments

Meridian Telecom S.A. experienced a restructuring credit event in 2025. The record contains the terms of the EUR 2031 Notes, a Determinations Committee notice.

Timeline

What happened, when

  1. 2022-10-10Notes issued.
  2. 2025-10-10Credit event determined.
Instruments

Obligations in scope

InstrumentIssuerIdentifiersCurrencyMaturitySeniorityQuestions
EUR 2031 NotesMeridian Telecom S.A.ISIN XS1000166299not stated2031-10-10Senior9
Key question · #210 · 4 of 4 models missed
Is there enough evidence in the record to establish the currency of denomination of the instrument?
Claude GPT Gemini Mastermind
Key question · #217 · 4 of 4 models missed
Does the record contain enough evidence to reach a reliable deliverability conclusion without further documents?
Claude GPT Gemini Mastermind
Key question · #214 · 2 of 4 models missed
Applying the standard Deliverable Obligation Characteristics (Not Subordinated, Specified Currency, Not Contingent, Tran…
Claude GPT Gemini Mastermind
Case Replays

Every benchmark question and how each model did

#QuestionLevelVerifiedClaudeGPTGeminiMastermind
209What is the maturity date of the instrument? Answer as YYYY-MM-DD.Fact extraction2031-10-10deterministically verified✓✓✓✓
210Is there enough evidence in the record to establish the currency of denomination of the in…adversarialUncertaintyNodeterministically verified✕✕✕✕
211Does the instrument's maturity satisfy a maximum maturity of 30 years measured from the cr…Rule applicationYesdeterministically verified✓✓✓✓
212Is the instrument subordinated?Rule applicationNodeterministically verified✓✓✓✓
213Is the instrument transferable without the consent of the Issuer?Document interpretationYesdeterministically verified✓✓✓✓
214Applying the standard Deliverable Obligation Characteristics (Not Subordinated, Specified …adversarialDeliverabilityInsufficient ideterministically verified✓✕✕✓
215Is the issuer of the instrument the Reference Entity or a recognised successor of it accor…Rule applicationYesdeterministically verified✓✓✓✓
216Which section of the record establishes the seniority (ranking) of the instrument? Answer …Fact extractionDOC-1#S4deterministically verified✓✕✕✓
217Does the record contain enough evidence to reach a reliable deliverability conclusion with…UncertaintyNodeterministically verified✕✕✕✕
Public documents

The record

  • DOC-1 EUR 2031 Notes — Terms and Conditions (excerpt)
  • DOC-2 Determinations Committee notice — Meridian Telecom S.A.
Related cases

Precedents by structure, not by keyword

  • Meridian Telecom S.A. 2026Insufficient information
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: missing_currency, corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Halvard Steel AG 2025Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Calder Chemicals N.V. 2025Eligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Halvard Steel AG 2024 (B)Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.