EXCLUSIVE-Key Venezuela creditor group set to appoint Houlihan as adviser, sources say
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A group of Venezuela's sovereign bondholders is set to appoint Houlihan Lokey as their financial adviser. Venezuela and its state oil firm PDVSA defaulted on bonds worth approximately $60 billion in 2017, with total external debt estimated between $150 billion and $170 billion. The recent seizure of President Maduro by the U.S. has raised hopes for a complex debt restructuring process. The Venezuela Creditor Committee is prepared to initiate talks once authorized, although U.S. sanctions currently hinder engagement with the Venezuelan government.
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