Despite the speculation, there is no room for EPEI (Kretinsky) in the confirmed creditor plan. The creditor plan is broadly the same as first proposed in partnership
Read MoreThe appointment of advisors by a new cross-capital structure creditor group is a slight positive for SUN's holders. There will be investors long
Read MoreFrom today, the bundling of TV fees into rent has been abolished. The suppliers have been aware since 2021, but from now we will see how ready the
Read MoreThe company is speeding towards a refinancing of its 2026 notes after reaching an agreement with its lenders on €530 million debt facilities
Read MoreIntrum have announced the last-minute closure of their transaction with Cerberus. The headline proceeds figure is reduced due to the delay
Read MoreThe US glass business is not rebounding as fast as hoped, and due to the state of the market, Ardagh is closing a
Read MoreOHLA needs additional investors for €74m of the proposed €100m equity raise. We have not seen any details of an underwriting
Read MoreThe 1/100 stock split has no impact on cash, but for the equity moving the stock price from the €0.48 today is optically
Read MoreThe sale to VIB will provide under €15m in fresh liquidity for Branicks. Net proceeds will be >€50m, but much of that will be swallowed by
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Please find our updated analysis post their Q1 results.
In March, we expected no update from Atlice SFR about their capital structure/deleveraging plans. Our only expectation was further deterioration in
Read MoreIntrum bonds are being downgraded to junk ahead of what will likely be a distressed exchange. We imagine this will be forcing out a
Read MoreClariane announced the disposal of its residency service activity, Les Essentielles to Odalys, which is part of the Duval Group. This business was already categorised as
Read MoreWhilst OHLA has now formally announced the €100m equity raise, we do not yet have price or underwriting details. However, the news is positive for
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Vivion now has the cash to repay the stub of the August 2024 SUNs. The company has taken a €150m (five-year) loan secured on the nine
Read MoreThe soap opera that is Atos continues. Creditors now have the opportunity/obligation to go it alone, as David Layani and OnePoint are forced to
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In a comment from Labour’s shadow business & trade secretary Jonathan Reynolds, it seems that Labour is not interested in a “nationalisation” of Thames
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