/raid1/www/Hosts/bankrupt/TCRLA_Public/250311.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
L A T I N A M E R I C A
Tuesday, March 11, 2025, Vol. 26, No. 50
Headlines
A R G E N T I N A
ARGENTINA: Aiming for New IMF Loan Deal by End April
ARGENTINA: Buenos Aires Blackout Leaves 620K Users Without Power
ARGENTINA: May Get Up to US$20BB in IMF Deal, Wall Street Says
B E R M U D A
VIKING CRUISES: Moody's Hikes CFR to Ba3, Outlook Remains Stable
J A M A I C A
JAMAICA: DBJ Allocates $2 Billion to Boost Support for MSMEs
P E R U
PERU: New Chief is Betting on Tax Cuts to Boost Growth to 4%
P U E R T O R I C O
ALUMAX INC: Taps Luis R. Carrasquillo & Co as Financial Consultant
TETRAD ENTERPRISES: Case Summary & Seven Unsecured Creditors
- - - - -
=================
A R G E N T I N A
=================
ARGENTINA: Aiming for New IMF Loan Deal by End April
----------------------------------------------------
Buenos Aires Times reports that President Javier Milei's government
says it is targeting a new loan agreement with the International
Monetary Fund (IMF) within the next two months.
The deal, on top of the record US$44-billion loan awarded to South
America's second-biggest economy in 2018, "should be completed in
the first four months of the year," Presidential Spokesperson
Manuel Adorni told reporters, according to Buenos Aires Times.
"When there are details we will give them to you. If we don't give
them to you it is because it [the deal] is not yet closed," he
said, the report notes.
The spokesman said that any possible agreement would "imply the
recapitalisation of the Central Bank" and affirmed that "it would
not lead to an increase in debt," the report relays.
He added Congress would be consulted about the "viability" of the
deal but did not say at what point in the negotiations lawmakers
would be given a say, the report discloses.
By law, any new deal must be put to lawmakers, the report notes.
The IMF and Argentina confirmed in December that they were
negotiating a new financing program, the report relays.
The previous program, originally worth US$57 billion, was agreed in
2018 by former president Mauricio Macri, the report discloses. It
was renegotiated in March 2022 by Milei's predecessor in office,
Alberto Fernandez (2019-2023), but relations with the IMF soured at
the end of 2024, the report relays.
The new deal will refinance Argentina's remaining debt from the
US$44.5 billion received by the country over the last six years,
the report notes.
In his state of the nation speech marking the beginning of
congressional sessions, President Javier Milei said the government
and IMF were "making progress" on a new agreement and he would soon
ask Congress to back it, the report discloses.
Several domestic media outlets have reported Argentina is looking
for a fresh US$10 billion in funding, though reports on Wall Street
midweek suggested as much as US$20 billion may be on the table, the
report says.
Swiss bank UBS speculated in an article that the package would
include US$8 billion in fresh funds, while the rest would be used
to cover principal and interest payments Argentina is due to make
during Milei's current term in office, the report relays.
Analysts forecast that at least 30 percent of this new package
would be available in 2025, the report notes.
Milei, who has earned scorn and praise in equal measure for
implementing drastic austerity measures to drive down perennially
high inflation and turn a budget surplus, wants the cash to boost
the Central Bank's dollar reserves, the report says.
The government has not yet indicated when it would remove strict
currency and capital controls, known locally as the ‘cepo,'
though Milei has vowed that they will not be in place by the start
of next year, the report discloses.
Adorni said that the controls would be lifted "when the conditions
are right," the report says.
Last month, Economy Minister Luis Caputo also hinted that a deal
would be agreed in the first four months of the year, indicating in
an interview that only "the fine print is missing," the report
adds.
About Argentina
Argentina is a country located mostly in the southern half of South
America. Its capital is Buenos Aires. Javier Milei is the current
president of Argentina after winning the November 19, 2023 general
election. He succeeded Alberto Angel Fernandez in the position.
Argentina has the third largest economy in Latin America. The
country's economy is an upper middle-income economy for fiscal year
2019, according to the World Bank. Historically, however, its
economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.
In March 2022, the International Monetary Fund (IMF) approved a new
30-month arrangement under an Extended Fund Facility for Argentina
in the amount of SDR 31.914 billion (equivalent to US$44 billion,
or 1000 percent of quota). The IMF Executive Board's decision
allowed the authorities an immediate disbursement of an equivalent
of US$9.65 billion in March 2022.
Argentina's IMF-supported program seeks to improve public finances
and start to reduce persistent high inflation through a
multi-pronged strategy, involving a gradual elimination of monetary
financing of the fiscal deficit and enhancements in the monetary
policy framework.
In June 2024, the IMF Board completed an eighth review of the
Extended Arrangement under the Extended Fund Facility for
Argentina. The IMF Board's decision enabled a disbursement of
around US$800 million to support the authorities' efforts to
entrench the disinflation process, rebuild fiscal and external
buffers, and underpin the recovery.
On Feb. 17, 2025, S&P Global Ratings lowered its local currency
sovereign credit ratings on Argentina to 'SD/SD' from 'CCC/C' and
its national scale rating to 'SD' from 'raB+'. At the same time,
S&P affirmed its 'CCC/C' foreign currency sovereign credit ratings
on Argentina. The outlook on the long-term foreign currency rating
remains stable.
On Jan. 8, 2025, Moody's Ratings raised Argentina's local currency
ceiling to B3 from Caa1 and the foreign currency ceiling to Caa1
from Caa3. Moody's said the decision to raise the local and
foreign currency ceilings reflects the increased predictability and
the greater consistency in economic policy that has led to a rapid
reduction in monetary and fiscal imbalances that were stoking very
high inflation.
On Nov. 15, 2024, Fitch Ratings upgraded Argentina's Long-Term
Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CC',
and its Long-Term Local-Currency IDR to 'CCC' from 'CCC-'.
Argentina's upgrade to 'CCC' from 'CC' reflects developments that
have improved Fitch's confidence in the authorities' ability to
make upcoming foreign-currency bond payments without seeking relief
of some sort.
DBRS, Inc. upgraded Argentina's Long-Term Foreign and Local
Currency Issuer Ratings to B (low) from CCC on November 25, 2024.
The trend on all ratings is Stable.
ARGENTINA: Buenos Aires Blackout Leaves 620K Users Without Power
----------------------------------------------------------------
Buenos Aires Times reports that a massive blackout affected
neighbourhoods in Buenos Aires City (CABA) and the southern suburbs
of the capital in early March amid sweltering temperatures.
Several power left some 620,000 users without electricity in
Greater Buenos Aires – including the Casa Rosada, according to
Buenos Aires Times.
Meanwhile temperatures soared above 35 degrees Celsius, with the
famous 'sensacion termica' heat index touching 44°C, with a yellow
alert issued for "extreme temperatures," the report notes.
Electricity firm Edesur, which serves the southern part of Buenos
Aires, stated on X that "a failure occurred in a high-voltage
line," affecting multiple substations, the report relays.
About Argentina
Argentina is a country located mostly in the southern half of South
America. Its capital is Buenos Aires. Javier Milei is the current
president of Argentina after winning the November 19, 2023 general
election. He succeeded Alberto Angel Fernandez in the position.
Argentina has the third largest economy in Latin America. The
country's economy is an upper middle-income economy for fiscal year
2019, according to the World Bank. Historically, however, its
economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.
In March 2022, the International Monetary Fund (IMF) approved a new
30-month arrangement under an Extended Fund Facility for Argentina
in the amount of SDR 31.914 billion (equivalent to US$44 billion,
or 1000 percent of quota). The IMF Executive Board's decision
allowed the authorities an immediate disbursement of an equivalent
of US$9.65 billion in March 2022.
Argentina's IMF-supported program seeks to improve public finances
and start to reduce persistent high inflation through a
multi-pronged strategy, involving a gradual elimination of monetary
financing of the fiscal deficit and enhancements in the monetary
policy framework.
In June 2024, the IMF Board completed an eighth review of the
Extended Arrangement under the Extended Fund Facility for
Argentina. The IMF Board's decision enabled a disbursement of
around US$800 million to support the authorities' efforts to
entrench the disinflation process, rebuild fiscal and external
buffers, and underpin the recovery.
On Feb. 17, 2025, S&P Global Ratings lowered its local currency
sovereign credit ratings on Argentina to 'SD/SD' from 'CCC/C' and
its national scale rating to 'SD' from 'raB+'. At the same time,
S&P affirmed its 'CCC/C' foreign currency sovereign credit ratings
on Argentina. The outlook on the long-term foreign currency rating
remains stable.
On Jan. 8, 2025, Moody's Ratings raised Argentina's local currency
ceiling to B3 from Caa1 and the foreign currency ceiling to Caa1
from Caa3. Moody's said the decision to raise the local and
foreign currency ceilings reflects the increased predictability and
the greater consistency in economic policy that has led to a rapid
reduction in monetary and fiscal imbalances that were stoking very
high inflation.
On Nov. 15, 2024, Fitch Ratings upgraded Argentina's Long-Term
Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CC',
and its Long-Term Local-Currency IDR to 'CCC' from 'CCC-'.
Argentina's upgrade to 'CCC' from 'CC' reflects developments that
have improved Fitch's confidence in the authorities' ability to
make upcoming foreign-currency bond payments without seeking relief
of some sort.
DBRS, Inc. upgraded Argentina's Long-Term Foreign and Local
Currency Issuer Ratings to B (low) from CCC on November 25, 2024.
The trend on all ratings is Stable.
ARGENTINA: May Get Up to US$20BB in IMF Deal, Wall Street Says
--------------------------------------------------------------
Buenos Aires Times reports that Wall Street expects the
International Monetary Fund (IMF) to lend Argentina as much as
US$20 billion in a new programme that would mark another critical
seal of approval for President Javier Milei's austerity campaign.
Banks including UBS Group AG, Morgan Stanley, and Bank of America
Corp. see the potential loan including anywhere between US$5
billion and US$10 billion in disbursements for 2025, while
Argentina doesn't have to make principal repayments to the IMF
until next year for its previous loan, according to Buenos Aires
Times. In theory, that money would boost Argentina's Central
Bank's reserves enough to eventually start lifting currency and
capital controls, the report notes.
Investors are keeping a close eye on how Milei's government intends
to use the funds as well as how and when it'll dismantle the
controls, the report says. So far, the libertarian president has
said his government would use IMF money to pay down the Argentine
treasury's debt with the central bank in an effort to clean up the
monetary authority's balance sheet, the report notes.
"There is potential for positive surprises in the deal's magnitude
and timing of disbursements," Alejo Czerwonko, chief investment
officer for Americas emerging markets at UBS, said in a report, the
report discloses. "We could see up to US$20 billion, including
US$8 billion in new funds, covering both principal and interest
payments to the IMF during the remainder of Milei's term," he
added.
Negotiations between Milei's government and the IMF appear to be
nearing the final stages after the libertarian told Congress in a
speech he will seek its support for the upcoming program "in the
coming days" without providing specifics, the report relays. It
would be Argentina's third IMF programme since 2018, as the
previous two accords failed to stabilise the crisis-prone economy,
the report says.
Although among the worst-performers in emerging markets so far this
year, Argentina's sovereign bonds rallied after Milei's speech to
lawmakers, the report discloses. Benchmark notes due in 2035 last
changed hands at about 65 cents on the dollar, according to
indicative pricing data compiled by Bloomberg, the report notes.
Money managers "may be underpricing the possibility that Argentina
agrees to additional fiscal consolidation" as part of an agreement
with the IMF, Bank of America strategists including Lucas Martín
said in a January 27 report to investors, the report relays.
The country's US$44-billion aid programme expired at the end of
2024 and principal repayments to the IMF don't start until
September 2026, which is why the Milei administration aims to seal
a new deal this year, the report discloses.
The IMF confirmed in December that talks on a new loan were
underway after Milei opted against finishing the final reviews of
the deal he inherited from his predecessor, the report notes.
A new program would bring the president and his team closer to
returning the South American nation to international capital
markets after it reneged on sovereign debt payments in 2020,
marking the ninth default in Argentina's history, the report adds.
About Argentina
Argentina is a country located mostly in the southern half of South
America. Its capital is Buenos Aires. Javier Milei is the current
president of Argentina after winning the November 19, 2023 general
election. He succeeded Alberto Angel Fernandez in the position.
Argentina has the third largest economy in Latin America. The
country's economy is an upper middle-income economy for fiscal year
2019, according to the World Bank. Historically, however, its
economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.
In March 2022, the International Monetary Fund (IMF) approved a new
30-month arrangement under an Extended Fund Facility for Argentina
in the amount of SDR 31.914 billion (equivalent to US$44 billion,
or 1000 percent of quota). The IMF Executive Board's decision
allowed the authorities an immediate disbursement of an equivalent
of US$9.65 billion in March 2022.
Argentina's IMF-supported program seeks to improve public finances
and start to reduce persistent high inflation through a
multi-pronged strategy, involving a gradual elimination of monetary
financing of the fiscal deficit and enhancements in the monetary
policy framework.
In June 2024, the IMF Board completed an eighth review of the
Extended Arrangement under the Extended Fund Facility for
Argentina. The IMF Board's decision enabled a disbursement of
around US$800 million to support the authorities' efforts to
entrench the disinflation process, rebuild fiscal and external
buffers, and underpin the recovery.
On Feb. 17, 2025, S&P Global Ratings lowered its local currency
sovereign credit ratings on Argentina to 'SD/SD' from 'CCC/C' and
its national scale rating to 'SD' from 'raB+'. At the same time,
S&P affirmed its 'CCC/C' foreign currency sovereign credit ratings
on Argentina. The outlook on the long-term foreign currency rating
remains stable.
On Jan. 8, 2025, Moody's Ratings raised Argentina's local currency
ceiling to B3 from Caa1 and the foreign currency ceiling to Caa1
from Caa3. Moody's said the decision to raise the local and
foreign currency ceilings reflects the increased predictability and
the greater consistency in economic policy that has led to a rapid
reduction in monetary and fiscal imbalances that were stoking very
high inflation.
On Nov. 15, 2024, Fitch Ratings upgraded Argentina's Long-Term
Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CC',
and its Long-Term Local-Currency IDR to 'CCC' from 'CCC-'.
Argentina's upgrade to 'CCC' from 'CC' reflects developments that
have improved Fitch's confidence in the authorities' ability to
make upcoming foreign-currency bond payments without seeking relief
of some sort.
DBRS, Inc. upgraded Argentina's Long-Term Foreign and Local
Currency Issuer Ratings to B (low) from CCC on November 25, 2024.
The trend on all ratings is Stable.
=============
B E R M U D A
=============
VIKING CRUISES: Moody's Hikes CFR to Ba3, Outlook Remains Stable
----------------------------------------------------------------
Moody's Ratings upgraded its ratings of Viking Cruises Ltd
(Viking); corporate family rating to Ba3 from B1, probability of
default rating to Ba3-PD from B1-PD, senior unsecured ratings to B1
from B3. Moody's also upgraded the backed senior secured ratings
for Viking Ocean Cruises Ltd. and Viking Ocean Cruises Ship VII Ltd
to Ba1 from Ba2. Moody's also assigned a speculative grade
liquidity rating of SGL-1 to Viking Cruises Ltd. The outlook
remains stable.
The upgrade of Viking's ratings reflects the improvement in the
company's credit metrics through the end of 2024 and Moody's
expectations of further strengthening through 2026. The company is
benefitting from the favorable demand environment and its
investments in fleet growth, both of which will lead to earnings
expansion in upcoming years. Moody's estimates capacity growth of
between 10% and 15% in 2025. Debt/EBITDA and funds from operations
+ interest / interest will improve to at or below 4.0x and at or
above 4.0x, respectively, by the end of 2025 with further
strengthening through 2026. Moody's also expects demand among
Viking's target customers of above 55 years of age to remain
relatively less exposed during periods of economic turbulence
compared to customers of cruise lines that also serve younger age
groups. The higher incomes and net worth of the target Viking
customers will limit curtailments of spending by this cohort
through economic cycles. Moody's expectations for Viking
maintaining very good liquidity also supports the ratings
upgrades.
The SGL-1 speculative grade liquidity rating reflects Moody's
estimates for a cash balance of more than $2.0B at December 31,
2024, positive free cash flow generation of more than $500 million
in 2025 and the addition of a $375 million revolver following the
initial public offering in May 2024. Moody's expects cash on hand
to grow annually through 2026, inclusive of retiring the $250
million of unsecured notes due May 15, 2025. The next note maturity
will be the $825 million of unsecured notes due in September 2027.
RATINGS RATIONALE
The Ba3 corporate family rating reflects Viking's strong position
in the premium river cruise market and the benefits of its brand
strength that facilitated its entry into premium ocean cruising in
2015. The company's river fleet of 83 vessels at the end of 2024 is
more than three times larger than the second largest player,
AMAWaterways. The current orderbook for river vessels is
approximately 30% of the existing fleet, which will promote
earnings growth in upcoming years, with limited upwards pressure on
funded debt. Viking will also add four ocean ships through 2027,
following the most recent delivery in Decmeber 2024. Moody's
anticipates that each of these will likely be funded with export
credit agency financings.
Viking tailors its offerings to the above 55 year-old market, a
segment of the population with typically more disposable income and
net worth than the broader population. It also does not allow
passengers younger than 18 years of age nor are there casinos on
the company's river or ocean ships. Viking further differentiates
itself from peers with its itineraries that emphasize the arts,
history and exploration rather than resort-like rest and
relaxation. Unlike its larger ocean cruise peers, less than five
percent of the company's schedule serves the Caribbean and Mexico
markets. Enhanced marketing initiatives across the cruise industry
are expanding awareness of cruise vacations, which Moody's believes
will increase adoption of cruising and grow the base of recurring
cruise customers. Potential headwinds include cost inflation
constraints on port access and/or sensitive areas because of
environmental concerns and demand's exposure to economic cycles
notwithstanding the relative financial strength of the target
customer base.
Moody's projects debt/EBITDA of around 4.0x and funds from
operations + interest to interest of around 4.2x at the end of
fiscal 2025. These levels will strengthen the metrics profile from
the levels Moody's expects at the end of 2024 and provide a solid
base for further improvements in 2026.
The stable outlook reflects Moody's expectations for strong
operating performance, mitigated in part by execution risk in
growing the river and ocean fleets.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
The ratings could be upgraded if debt/EBITDA approaches 3.5x or FFO
+ interest / interest is sustained above 5.0x. An upgrade would
also require the company to maintain very good liquidity. The
ratings could be downgraded if the company's liquidity weakens or
if Moody's expects that debt/EBITDA will be sustained above 4.5x or
FFO + interest / interest below 3.0x.
The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.
Incorporated in Bermuda, Viking had a fleet of 83 river vessels,
eleven ocean ships and two expedition ships on December 31, 2024.
In 2024, around 90% of its river and ocean customers were from
North America. Chairman and Chief Executive Officer, Torstein
Hagen, beneficially owns shares representing approximately 87% of
the voting power of the Company's issued and outstanding share
capital. Gross revenue was $3.98 billion for the first nine months
of 2024.
=============
J A M A I C A
=============
JAMAICA: DBJ Allocates $2 Billion to Boost Support for MSMEs
------------------------------------------------------------
RJR News reports that the Development Bank of Jamaica (DBJ) has
been allocated $2 billion in next fiscal year's budget to on-lend
to the Micro, Small and Medium Enterprise (MSME) sector.
Managing Director Dr. David Lowe says his leadership will be
centred on the creation of a more agile, responsive and innovative
DBJ, which will allow the members of the MSME sector to have
greater access to affordable financing, according to RJR News.
He also stressed that the DBJ will directly align itself with
Jamaica's priorities under his leadership, the report notes.
About Jamaica
Jamaica is an island country situated in the Caribbean Sea. Jamaica
is an upper-middle income country with an economy heavily dependent
on tourism. Other major sectors of the Jamaican economy include
agriculture, mining, manufacturing, petroleum refining, financial
and insurance services.
On Feb. 21, 2025, Fitch Ratings affirmed Jamaica's Long-Term
Foreign-Currency Issuer Default Rating (IDR) at 'BB-', with a
positive rating outlook. In October 2023, Moody's upgraded the
Government of Jamaica's long-term issuer and senior unsecured
ratings to B1 from B2, and senior unsecured shelf rating to (P)B1
from (P)B2. The outlook has been changed to positive from stable.
In September 2024, S&P affirmed 'BB-/B' longterm foreign and local
currency sovereign credit ratings on Jamaica and revised outlook to
positive.
=======
P E R U
=======
PERU: New Chief is Betting on Tax Cuts to Boost Growth to 4%
------------------------------------------------------------
globalinsolvency.com, citing Bloomberg News, reports that Peru's
new finance minister is pushing an array of tax incentives early in
his tenure in a bid to boost economic growth to its fastest pace in
seven years, excluding the pandemic rebound.
Jose Salardi, who took over the finance ministry five weeks ago, is
eyeing four key sectors for tax incentives: agriculture, forestry,
fishing and the creation of a special economic zone near the
recently inaugurated $1.3 billion Chancay port that is set to
significantly boost commerce with China, according to
globalinsolvency.com.
=====================
P U E R T O R I C O
=====================
ALUMAX INC: Taps Luis R. Carrasquillo & Co as Financial Consultant
------------------------------------------------------------------
Alumax Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Puerto Rico to hire CPA Luis R. Carrasquillo & Co.,
P.S.C. as financial consultant.
The duties of Carrasquillo will consist of strategic counseling and
advice, pro forma modeling preparation, financial/business
assistance, preparation of documentation as requested for and
during Debtor's Chapter 11, specifically as it is related to and
has an effect on Debtor, as well as recommendations and
financial/business assessments regarding issues specifically
related to Debtor.
The hourly rates of the firm's professionals are:
Luis R. Carrasquillo $200
Marcelo Gutierrez $160
Ramon Villafane $160
Zoraida Delgado Diaz $110
Arnaldo Morales $100
Maria Vera $75
David Sanchez Diaz $85
Jean Aponte $65
Enid Olmeda $75
Luis R. Guzman $40
Kelsie M. Lopez, Esq. $50
The firm received a retainer in the amount of $5,000.
Luis Carrasquillo, CPA, a principal at CPA Luis R. Carrasquillo &
Co., disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached through:
Luis R. Carrasquillo, CPA
CPA Luis R. Carrasquillo & Co., PSC
28th Street, #TI-26
Turabo Gardens Ave.
Caguas, PR 00725
Telephone: (787) 746-4555
Facsimile: (787) 746-4564
Email: luis@cpacarrasquillo.com
About Alumax Inc.
Alumax Inc. manufactures aluminum doors and windows with its
manufacturing infrastructure located in San Sebastian, Anasco,
Ponce and San Domingo.
Alumax Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. P.R. Case No. 24-05312) on December 6, 2024. In the
petition filed by Frank J. Jimenez, Cruz as president, the Debtor
reports total assets of $416,851 and total liabilities of
$2,954,034.
The Debtor is represented by Javier Vilarino, Esq. at Villarino and
Associates, LLC.
TETRAD ENTERPRISES: Case Summary & Seven Unsecured Creditors
------------------------------------------------------------
Debtor: TETRAD Enterprises LLC
Maramar Plaza
Suite 809, 101 Ave. San Patricio
Guaynabo, PR 00968
Business Description: TETRAD Enterprises LLC is a conglomerate
project development firm specializing in
large-scale utility projects. The company
offers Hydraflo pumps, which are
hydraulically-driven, large-volume
submersible water pumps designed for rapid
setup and heavy-duty performance across
various applications, including emergency
pumping, flood control, stormwater drainage,
dewatering, and agricultural irrigation.
Chapter 11 Petition Date: February 28, 2025
Court: United States Bankruptcy Court
District of Puerto Rico
Case No.: 25-00895
Debtor's Counsel: Wallace Vazquez Sanabria, Esq.
WVS LAW LLC
17 Mexico Street, Suite D-1
San Juan PR 00917-2202
Tel: 787-756-5730
Email: wvslawllc@gmail.com
Estimated Assets: $10 billion to $50 billion
Estimated Liabilities: $10 billion to $50 billion
The petition was signed by Luis Guillermo Hernandez-Rivera as
managing member.
A full-text copy of the petition is available for free on
PacerMonitor at:
List of Debtor's Seven Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. JLG Consulting Engineering PSC
PO Box 361243
San Juan PR 00936-1243
2. MWI Corporation
PO Box 9022946
San Juan, PR 00902-2946
3. Autos Vega Inc.
GPO Box 364252
San Juan PR 00936-3642
4. American Petroleum Co Inc.
PO Box 2529
TOA Baja PR 00951-2663
5. Departamento De Hacienda
PO Box 9024140
San Juan PR 00902-4140
6. Municipio Autonomo De Guaynabo
Apartado 7885
Guaynabo PR 00970
7. Internal Revenue Service
Centralized Insolvency Operation
PO Box 7346
Philadelphia PA 19101-7346
*********
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