Opinion
Case No. 19 Civ. 11018
10-16-2020
CONTRARIAN CAPITAL MANAGEMENT, L.L.C., CONTRARIAN CAPITAL FUND I, L.P., CONTRARIAN DOME DU GOUTER MASTER FUND, LP, CONTRARIAN CAPITAL SENIOR SECURED, L.P., CONTRARIAN EM II, LP, CONTRARIAN EMERGING MARKETS, L.P., POLONIUS HOLDINGS, LLC, and CONTRARIAN FUNDS, L.L.C., Plaintiffs, v. BOLIVARIAN REPUBLIC OF VENEZUELA, Defendant.
[rel. Nos. 19 Civ. 3123 & 18 Civ. 11940] JUDGMENT
For the reasons stated in this Court's Memorandum Opinion and Order dated October 1, 2020 (Dkt. 74):
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that judgment is hereby entered in favor of the following Plaintiffs and against Defendant in the following amounts:
| Plaintiff | Holding | OverduePrincipal | AccruedCouponInterestThroughOctober 15,2020 | AccruedStatutoryPrejudgmentInterestThroughOctober 15,2020 | Total OwedThroughOctober 15,2020 |
|---|---|---|---|---|---|
| PoloniusHoldings,LLC | 13.625%Notes Due08/15/2018 | $20,680,000.00 | $8,922,558.33 | $1,076,187.91 | $30,678,746.24 |
| Plaintiff | Holding | OverduePrincipal | AccruedCouponInterestThroughOctober 15,2020 | AccruedStatutoryPrejudgmentInterestThroughOctober 15,2020 | Total OwedThroughOctober 15,2020 |
|---|---|---|---|---|---|
| PoloniusHoldings,LLC | 13.625%RegS NotesDue08/15/2018 | $25,319,000.00 | $10,924,093.54 | $1,317,601.63 | $37,560,695.17 |
| PoloniusHoldings,LLC | 7.00%Notes Due12/1/2018 | $55,814,000.00 | $13,175,204.78 | $1,710,454.44 | $70,699,659.21 |
| ContrarianCapitalSeniorSecured,L.P. | 12.75%Notes Due08/23/2022 | N/A | $71,764.08 | $8,581.89 | $80,345.97 |
| ContrarianCapitalSeniorSecured,L.P. | 11.75%Notes Due10/21/2026 | N/A | $539,855.71 | $72,550.92 | $612,406.63 |
| ContrarianEmergingMarkets,L.P. | 12.75%Notes Due08/23/2022 | N/A | $18,893,387.55 | $2,259,359.79 | $21,152,747.34 |
| ContrarianEmergingMarkets,L.P. | 9% NotesDue05/07/2023 | N/A | $455,764.44 | $60,423.91 | $516,188.35 |
| ContrarianEmergingMarkets,L.P. | 8.25%Notes Due10/13/2024 | N/A | $1,301,202.08 | $175,955.92 | $1,477,158.01 |
| Plaintiff | Holding | OverduePrincipal | AccruedCouponInterestThroughOctober 15,2020 | AccruedStatutoryPrejudgmentInterestThroughOctober 15,2020 | Total OwedThroughOctober 15,2020 |
|---|---|---|---|---|---|
| ContrarianEmergingMarkets,L.P. | 11.75%Notes Due10/21/2026 | N/A | $69,328,473.07 | $9,317,016.10 | $78,645,489.17 |
| ContrarianEmergingMarkets,L.P. | 9.25%Notes Due05/07/2028 | N/A | $762,057.56 | $101,031.36 | $863,088.92 |
| ContrarianEmergingMarkets,L.P. | 11.95%Notes Due08/05/2031 | N/A | $19,165,352.72 | $2,335,894.65 | $21,501,247.37 |
| ContrarianEM II, LP | 12.75%Notes Due08/23/2022 | N/A | $961,879.27 | $115,026.03 | $1,076,905.30 |
| ContrarianEM II, LP | 9% NotesDue05/07/2023 | N/A | $61,900.00 | $8,206.52 | $70,106.52 |
| ContrarianEM II, LP | 8.25%Notes Due10/13/2024 | N/A | $99,776.88 | $13,492.39 | $113,269.27 |
| ContrarianEM II, LP | 11.75%Notes Due10/21/2026 | N/A | $8,863,211.04 | $1,191,122.15 | $10,054,333.19 |
| Plaintiff | Holding | OverduePrincipal | AccruedCouponInterestThroughOctober 15,2020 | AccruedStatutoryPrejudgmentInterestThroughOctober 15,2020 | Total OwedThroughOctober 15,2020 |
|---|---|---|---|---|---|
| ContrarianEM II, LP | 9.25%Notes Due05/07/2028 | N/A | $81,114.79 | $10,753.96 | $91,868.75 |
| ContrarianEM II, LP | 11.95%Notes Due08/05/2031 | N/A | $41,914.63 | $5,108.60 | $47,023.23 |
| ContrarianCapitalFund I,L.P. | 11.75%Notes Due10/21/2026 | N/A | $9,095,688.71 | $1,222,364.70 | $10,318,053.41 |
| ContrarianDome duGouterMasterFund, LP | 11.75%Notes Due10/21/2026 | N/A | $2,979,234.04 | $400,377.66 | $3,379,611.70 |
It is FURTHER ORDERED, ADJUDGED, AND DECREED that if this judgment is entered after October 15, 2020, judgment is hereby ordered in favor of Plaintiffs and against Defendant in the following amounts per day following October 15, 2020 until the date which this judgment is entered on the docket of the Court:
| Plaintiff | Holding | Coupon and Prejudgment InterestAccruing Per Day |
|---|---|---|
| Polonius Holdings,LLC | 13.625% Notes Due08/15/2018 | $9,911.09 |
| Polonius Holdings,LLC | 13.625% RegS Notes Due08/15/2018 | $12,134.38 |
| Plaintiff | Holding | Coupon and Prejudgment InterestAccruing Per Day |
|---|---|---|
| Polonius Holdings,LLC | 7.00% Notes Due 12/1/2018 | $13,742.82 |
| Contrarian CapitalSenior Secured,L.P. | 12.75% Notes Due 08/23/2022 | $80.28 |
| Contrarian CapitalSenior Secured,L.P. | 11.75% Notes Due 10/21/2026 | $545.15 |
| ContrarianEmerging Markets,L.P. | 12.75% Notes Due 08/23/2022 | $21,134.91 |
| ContrarianEmerging Markets,L.P. | 9% Notes Due 05/07/2023 | $466.18 |
| ContrarianEmerging Markets,L.P. | 8.25% Notes Due 10/13/2024 | $1,305.64 |
| ContrarianEmerging Markets,L.P. | 11.75% Notes Due 10/21/2026 | $70,008.56 |
| ContrarianEmerging Markets,L.P. | 9.25% Notes Due 05/07/2028 | $779.48 |
| ContrarianEmerging Markets,L.P. | 11.95% Notes Due 08/05/2031 | $21,103.58 |
| Contrarian EM II,LP | 12.75% Notes Due 08/23/2022 | $1,076.00 |
| Contrarian EM II,LP | 9% Notes Due 05/07/2023 | $63.32 |
| Contrarian EM II,LP | 8.25% Notes Due 10/13/2024 | $100.12 |
| Contrarian EM II,LP | 11.75% Notes Due 10/21/2026 | $8,950.16 |
| Contrarian EM II,LP | 9.25% Notes Due 05/07/2028 | $82.97 |
| Plaintiff | Holding | Coupon and Prejudgment InterestAccruing Per Day |
|---|---|---|
| Contrarian EM II,LP | 11.95% Notes Due 08/05/2031 | $46.15 |
| Contrarian CapitalFund I, L.P. | 11.75% Notes Due 10/21/2026 | $9,184.91 |
| Contrarian Domedu Gouter MasterFund, LP | 11.75% Notes Due 10/21/2026 | $3,008.46 |
It is FURTHER ORDERED, ADJUDGED, AND DECREED that postjudgment interest from the date of this judgment will accrue on the amounts listed above at the rate provided by 28 U.S.C. § 1961(a). SO ORDERED Dated: October 16, 2020
New York, New York /s/_________
ANALISA TORRES
United States District Judge