Official statement
Northgate Shipping noteholders sign forbearance a day before the grace period ends
Whether forbearance moves the due date decides whether a Failure to Pay has occurred.
CDS News
Each story separates what the source states from CDSBench's interpretation and lists what is still unresolved.
Whether forbearance moves the due date decides whether a Failure to Pay has occurred.
Consent solicitations that alter currency are a common route to a Restructuring question.
Lease deferrals are not Borrowed Money, but show where bond and loan payments may be tested next.
Mastermind
The Mastermind sample takes the Northgate forbearance through instruments, clauses, rule checks, the counterargument and open points.