The litigants have around 7% of the nominal value of the SUNs, which on their own is not enough to block the current proposals. Increasing the potential value of the
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The Q4/FY numbers were as weak as expected. Allan Leighton plans to return ASDA to its position as the cheapest of the Big 4. The price drops and additional
Read MoreThe return of excess funds to shareholders is now topic #1 on the AGM agenda for April. A US activist fund is pushing for the measure, which would
Read MoreAs part of Victoria’s announcement on a new CFO, the Company also commented on its refinancing proposals, stating the negotiated refinancing of
Read MoreAltice France has confirmed it has received over 90% creditor support across all tranches of its debt before the expiration deadline on
Read MoreCerba has lost its CEO, Emmanuel Ligner, who left immediately on March 14th. Mr Ligner was only appointed in March 2024, and this announcement, coupled with
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We are staying short. The Cerba/Houlihan Lokey story isn’t disappearing. An article in Bloomberg alleges that EQT is discussing a liability management
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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Altice France has received sufficient creditor consent to proceed with the proposed restructuring. However, they have extended the deadline to the
Read MoreUnconfirmed, but Cerba is rumoured to have appointed Houlihan Lokey to advise on its outstanding debt, which has applied further pressure to the trading level of
Read MoreMoody’s upgrade takes OHLA out of the Caa range and will allow rating-constrained investors to take positions in
Read MoreThe job cuts are mainly contractors hired for the IT project that is now ending. This is more natura
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The pain in the debt restructuring proposal will fall mainly on the SUNs, but everyone is being asked to pitch in. The SSNs will be exchanged for new SSNs at Ardagh Group
Read MoreNothing to see here. The company is progressing towards deals with its creditors. Under the LUA it will be seeking formal approval to apply
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