The latest tender offer, at an average price of 94c/€ was entirely taken up by the €-denominated ‘27s that now have a
Read MoreWe are reading that Intrum is starting a second tender offer for its bonds this month. This time, the maximum volume is a little
Read MoreThe tender was popular. Intrum had applied a waterfall of priorities between the bonds, prioritising the front end and the
Read MoreIntrum are buying back €75m of SSNs, not in pro rata amounts between them, but instead with a waterfall of priorities at
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Management will include weighing up possible further liability management in the upcoming strategic review. Q3 was soft, with
Read MoreT’is done. At 94.4c/€, bondholders tendered 10x more bonds (half the outstanding) than the €250m in play and the scaling factor was
Read MoreThe succinct message from your favourite debt collector today is as per our commentary: "Intrum has today been informed that
Read MoreIntrum have disclosed that Masih Yazdi, formerly CFO of SBB, will be joining to fulfil the same role for the freshly restructured
Read More94.4 c/€ is the price at which Intrum uses its tenders for notes from the stash provided by the New Money Notes that’s currently
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Even though fundamentally this is only an incremental update - beyond the admirable cost control, we find few incremental insights - this is a major update financially. Following the conclusion
Read MoreWe’re proud to support our community and collaborate with reporters on the names we cover — always careful to keep key findings exclusive to our clients.
Sarria’s quote is reproduced below as featured in Debtwire’s latest piece: “Intrum delivers strong Servicing EBIT margin as haircut to reduce debt burden”
Read MorePresident and CEO Andres Rubio has stepped down following the conclusion of the restructuring and delivery of the Q225 results. Johan Akerblom, CFO, will be
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The company this morning surprised us positively with good cost discipline. We had more than half expected that the recent central cost had been
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It is odd to see the deadlines being postponed again. We don’t know the detail, but note the growing chatter about a group of accounts perhaps
Read MoreNoteholders get to claim their shares and sign up for the New Money Notes between today and Friday 20th of June. We are not pretending to be
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Fundamentally, the year is off to a good start. Intrum have brought cost under control and the service segment is growing, making up
Read MoreThe roadblocks are falling one by one. Intrum’s settlement with the 2025 group has received US court approval. The company had
Read MoreThe company has signed the investment partnership agreement with Cerberus. This is the framework agreement that was underlying the turnaround plan
Read MoreThe '25 holdouts have thrown in the towel. Intrum are buying out the “nuisance” by taking over the advisory fees the
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