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BUENOS AIRES—Argentina faces $9 billion in claims from holdout creditors entangled in a legal battle against the
country in the U.S., a court-appointed meditator said late Monday.
The estimate, which comes from Daniel Pollack, a New York-based attorney who is trying to help the parties resolve a
dispute, is almost a $1 billion less than Argentina had previously acknowledged.
Mr. Pollack said Argentine officials, including Finance Secretary Luis Caputo, met in his office for four hours with
holdouts including Elliot Management Corp, Aurelius Capital Management LP, Bracebridge Capital, Montreux Partners, Dart
Management and Davidson Kempner.
Earlier in the day, Argentina said it planned to make an offer to the holdouts this week and that it wanted the
creditors to agree to reduce the amount of punitory interest applied to the debt owed to them.
The dispute stems from Argentina's decade-old refusal to offer full payment on bonds that the holdouts bought after
the country defaulted on them in 2001.
Argentina's president, Mauricio Macri, is eager to end the conflict because it is preventing the country from
borrowing money abroad and raising financing costs for both the public and private sectors.
Write to Taos Turner at taos.turner@wsj.com
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