Obrascon Huarte Lain (ES:OHLA) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Obrascon Huarte Lain has secured over 93% support from bondholders for its recapitalization plan, signaling strong creditor confidence in the company’s future. This majority allows OHL to proceed with consensual modifications to the bond terms, a move expected to enhance financial stability without resorting to coercive measures. The company plans to initiate a consent solicitation process to formalize these changes.
For further insights into ES:OHLA stock, check out TipRanks’ Stock Analysis page.