Some good news., page-267

Actually a correction, they did pay the interest in 2012, it's in 2013 they had an outstanding interest payment and in 2014 they had one coming up so they couldn't pay it hence the DOCA in 2014 so these noteholders got around $51M USD in interests with these Ad-hoc Group receiving around a total of $33M USD (65%) in interest so the C&M is peanuts to them.

During the year the Company made two bi-annual interest payments of US$17.281 million each on the Senior Unsecured Notes, together with the first bi-annual interest instalment on the Banco Bradesco S.A working capital facility (US$1.717 million) and the first semi-annual instalment to Atlas Copco Customer Finance (US$0.737 million).

On 22 October 2013, the Company announced that it did not make payment of interest on 15 October 2013, pursuant to the terms of the indenture relating to the US$395.000 million of 8.75% Senior Unsecured Notes due 2018 (Notes). The non-payment of interest pursuant to the indenture would constitute an event of default if it continued for 30 days (Cure Period). A default under the indenture would also create cross defaults under the Banco Bradesco loan agreement and the finance lease with Caterpillar Financial Services Corporation (Caterpillar).