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Elliott Issues Truvo Subsidiary Corp. Statement
New York, March 25, 2010 (ots/PRNewswire) - Elliott Associates, L.P. (together with funds under common management), today issued the following statement regarding Truvo Subsidiary Corp.
"Elliott welcomes the announcement by Truvo that it has obtained consent under the Senior Facilities Agreement to commence debt restructuring negotiations with holders of the Notes."
Elliott holds 32% of the Notes and also holds a significant position in Truvo's Senior loans and is a significant holder of credit default swap protection referencing Truvo Subsidiary Corp. Elliott's positions in Truvo are subject to change without notice.
Elliott's two funds, Elliott Associates, L.P. and Elliott International, L.P., together have more than US$16 billion of assets under management. The funds' investors include institutions, foundations, endowments, pensions, high net worth individuals, and family offices. The 33-year-old trading firm is one of the oldest of its kind under continuous management.
ots Originaltext: Elliott Associates, L.P.
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