As the A&E transaction comes to a close with 99% of bondholders accepting the terms from the company and its main shareholder - Strategic Value Partners, both
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In line with their peers, Heimstaden Bostad has reported solid Q2 results with both rental income and NOI margin growing. The Privatisation Program is
Read MoreThe latest sale will provide about €7m in liquidity to Branicks and €20m to VIB. Branicks needs to keep on executing on sales and every little
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No material change in the stand-alone liabilities of Heimstaden AB, with the Company buying back SEK130m of their SEK bonds due in 2025. There remains
Read MoreIntrum has reached an agreement in principle with over 75% of its RCF lenders on terms we find advantageous to Intrum. The level of
Read MoreAs expected, the VIB AGM refused the request to appoint a Special Auditor, which will relieve Branicks. The special auditor request could
Read MoreThe restructuring deal is one step closer after the Ad Hoc bondholder group agreed to buy the 2029 bond. Assuming the bond purchase is completed as
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GCP has raised its guidance for FY24 across the board, including its expected dividend per share on the back of higher like-for-like renta
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Today the company reported its Q2 2024 results. The big surprise in the results were the repurchase of €110 million of its existing €166 million existing convertible
Read MoreAt today’s AGM, the VIB supervisory board will be doing anything it can to avoid the appointment of a special auditor. We expect the minority shareholder proposals to be
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Today Pfleiderer announced that it has signed a supplemental indenture to extend its existing €750 million senior secured notes to
Read MoreFor weeks the Ad Hoc bondholder group has been pushing Accentro to agree to a credible plan to restructure its balance sheet, and that has now
Read MoreAltice UK have agreed to sell its 24.5% BT stake to Bharti Enterprises, initially selling 9.99% immediately and subsequently the balance, once regulatory approval is
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Post Q2 numbers rating agencies are striking a more cautious note on AMS Osram than us. On Thursday, Moody’s confirmed the B2 long-term rating but
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The Q2 topline was disappointing, but gross margin improvement is encouraging. 24H2 trading is going to be tough, albeit against some easier
Read More€94m in additional liquidity at Branicks is good news for investors.
However, we are surprised at the timing of another sale from Branicks to VIB. VIB has a strategy of diversifying away from Logistics, but we expect
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H1 results in line with expectations following the lowering of guidance at the AGM in May. Tullow still targets reducing Net Debt to $1.4bn or 1.0x Net Debt/EBITDAX. CAPEX and
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