Centerview Discussed $150 Million Venezuela Debt Advisory Fee as Sole Restructuring Adviser
Updated
Updated · Bloomberg · Jun 11
Centerview Discussed $150 Million Venezuela Debt Advisory Fee as Sole Restructuring Adviser
3 articles · Updated · Bloomberg · Jun 11
Summary
$150 million was the minimum fee Centerview Partners discussed with Venezuela as recently as last month for a debt-restructuring mandate, according to a draft agreement seen by Bloomberg.
The contract would make Centerview the country's sole financial adviser on a restructuring tied to an estimated $150 billion to $200 billion debt pile.
A 0.1% fee on that debt stock implies a payout of roughly $150 million to $200 million, far above compensation seen in past sovereign restructurings.
The proposed terms highlight both the scale and complexity of any eventual Venezuela debt overhaul, one of the largest sovereign workouts under discussion.