Monday, January 7, 2013

Involuntary Chapter 7 Filed Against Hellas Telecom-Owned TPG Troy


Stephanie Gleason
December 28, 2012

A group of private equity creditors owed more than $111.7 million is trying to force TPG Troy LLC, which is owned by liquidating telecommunications company Hellas Telecommunications II SCA, into Chapter 7 bankruptcy protection.
SPQR Capital, Lansdowne Capital and Crest One, which are owed $76.6 million, $26.1 million and $9.1 million, respectively, asked the U.S. Bankruptcy Court in Manhattan last week to put TPG Troy into Chapter 7 bankruptcy with what is known as an involuntary petition. . . .

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