Wednesday, November 5, 2014

Landes Capital Management, LLC and Altmark Holdings Limited reach resolution

Altmark Holdings Limited, the issuer of bonds baring CUSIPs 021503AC1 and 021503AD9 has reached an agreement with bondholder Landes Capital Management, LLC after receiving a notice of default in February 2014. The details of the agreement have not been made public; however, what is known is that Altmark Holdings Ltd has agreed to retroactively make the coupon payments to Landes Capital Management, LLC. In exchange Landes Capital Management, LLC has agreed to cease all collection efforts connected with the January default event. Altmark Holdings Ltd. operates as a special purpose entity and has paid down much of its debtload. The Company issued various asset-backed debt instruments. Altmark Holdings Ltd. is located at Britannic House, P.O. Box 25, Providenciales, Turks and Caicos Island, B.W.I. Registration number: E.35648. Mr. Peter Burstam, Director: +46 70 3301505 E-Mail: altmark@altmarkholdingsltd.com Landes Capital Management, LLC is a multi-discipline strategy asset management company focusing on the effect preservation and efficient growth of capital. Our mission is to provide our clients with clarity for their most complex financial situations. We offer financial clarity through expert advice and superior customer service. We feel that every client matters. Landes Capital Management, LLC strives to satisfy our clients, while offering each one a unique set of financial and business products and services. We take a practical and pragmatic approach to investing.

1 comment:

Anonymous said...

I am glad that Altmark Holdings has finally made good.