On May 22, 2012 the Credit Derivatives Determinations Committee for the Americas resolved that a Bankruptcy Credit Event occurred in respect of Houghton Mifflin Harcourt Publishing Company and on the same day resolved that an auction would be held. This page contains details of the DC Resolutions, auction documentation and other items relating to the auction for Houghton Mifflin Harcourt Publishing Company.
Further documentation relating to the auction will be added as it becomes available.
The Americas DC has resolved that the Auction for Credit Derivative Transactions referencing Houghton Mifflin Harcourt Publishing Company will be held on May 30, 2012. Due to the expedited timing for the Auction, the Americas DC has also resolved that (a) the deadline for submission of an obligation not included on the Initial List will be 5pm New York time on Thursday May 24, 2012, (b) the deadline for publication of the Supplemental List will be 7pm New York time on Thursday May 24, 2012 and (c) the deadline for submission of a challenge to an obligation on the Supplemental List will be 5pm New York time on Friday May 25, 2012.
Event Publicly Available Information:
| List of Participating Bidders: | |
| Deliverable Obligations: | Submission of Potential Deliverable Obligations and Challenges |
| Auction Timeline: | Common Event Determination Date: Monday, May 21, 2012 |
| Auction Settlement Terms: | Final Auction Settlement Terms for Houghton Mifflin Harcourt Publishing Company Summary of Auction Settlement Terms Changes Blackline against the 2012 Eastman Kodak Company Auction Settlement Terms |
| Related Press Release: |