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Orinoco Retail Holdings plc · Corporate · Failure to pay · 2026-06-25

Orinoco Retail Holdings plc 2026 (B)

publisheddevelopment split10 verified of 10 questions · 2 documents · 1 instruments

Orinoco Retail Holdings plc experienced a failure to pay credit event in 2026. The record contains the terms of the GBP 2048 Notes, a Determinations Committee notice.

Timeline

What happened, when

  1. 2023-06-25Notes issued.
  2. 2026-06-25Credit event determined.
Instruments

Obligations in scope

InstrumentIssuerIdentifiersCurrencyMaturitySeniorityQuestions
GBP 2048 NotesOrinoco Retail Holdings plcISIN XS1000134623GBP2048-06-25Subordinated10
Key question · #177 · 2 of 4 models missed
Which section of the record establishes the seniority (ranking) of the instrument? Answer with the section identifier (e…
Claude GPT Gemini Mastermind
Case Replays

Every benchmark question and how each model did

#QuestionLevelVerifiedClaudeGPTGeminiMastermind
169What is the maturity date of the instrument? Answer as YYYY-MM-DD.Fact extraction2048-06-25deterministically verified✓✓✓✓
170In which currency is the instrument denominated? Answer with the ISO currency code.Fact extractionGBPdeterministically verified✓✓✓✓
171Does the instrument's maturity satisfy a maximum maturity of 30 years measured from the cr…Rule applicationYesdeterministically verified✓✓✓✓
172Is the instrument denominated in a Specified Currency (USD, EUR, JPY, GBP, CHF, CAD)?Rule applicationYesdeterministically verified✓✓✓✓
173Is the instrument subordinated?Rule applicationYesdeterministically verified✓✓✓✓
174Is the instrument transferable without the consent of the Issuer?Document interpretationYesdeterministically verified✓✓✓✓
175Applying the standard Deliverable Obligation Characteristics (Not Subordinated, Specified …DeliverabilityIneligibledeterministically verified✓✓✓✓
176Is the issuer of the instrument the Reference Entity or a recognised successor of it accor…Rule applicationYesdeterministically verified✓✓✓✓
177Which section of the record establishes the seniority (ranking) of the instrument? Answer …Fact extractionDOC-1#S4deterministically verified✓✕✕✓
178Does the record contain enough evidence to reach a reliable deliverability conclusion with…UncertaintyYesdeterministically verified✓✓✓✓
Public documents

The record

  • DOC-1 GBP 2048 Notes — Terms and Conditions (excerpt)
  • DOC-2 Determinations Committee notice — Orinoco Retail Holdings plc
Related cases

Precedents by structure, not by keyword

  • Orinoco Retail Holdings plc 2027Ineligible
    Why relevant
    Same credit event type (FAILURE_TO_PAY); Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: subordinated, corporate; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Meridian Telecom S.A. 2026Insufficient information
    Why relevant
    Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Different credit event type (RESTRUCTURING vs FAILURE_TO_PAY). Outcomes depend on the specific documents; do not copy.
  • Solvane Airlines S.A. 2026 (B)Insufficient information
    Why relevant
    Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Different credit event type (RESTRUCTURING vs FAILURE_TO_PAY). Outcomes depend on the specific documents; do not copy.
  • Meridian Telecom S.A. 2025 (B)Insufficient information
    Why relevant
    Same entity type (CORPORATE); Has a verified deliverability outcome; Shared characteristics: corporate; Similar documentation language
    Important difference
    Different credit event type (RESTRUCTURING vs FAILURE_TO_PAY). Outcomes depend on the specific documents; do not copy.