The decision to end the network spinoff deal is a surprise and points to a divergence in strategy between Liberty and Telefonica. The impact is
Read MoreFitch has downgraded Graanul’s credit rating to B minus from B plus, citing refinancing risk as the primary concern. Notably, Fitch does not
Read MoreVictoria Plc has confirmed that 78% of the 2026 Noteholders voted in favour of the recent consent solicitation to elevate the ranking of the
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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
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Revenue was slightly short of our forecast as more subscribers than we expected churned off when the annual price rises were
Read MoreLast man standing, and not as planned. The Senior Secured Notes, issued with a springing maturity and other protections, now find themselves the
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Clariane’s H1 results are a little weak, but the company has reiterated its FY25 guidance, targeting pro forma EBITDA pre-IFRS 16 growth of
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Volumes were below our expectations, and the shift away from Specials deliveries meant that gross margin fell from 39% to 28% in H1. Given the target of
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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
Read MoreAMS Osram has announced an agreement to divest its Entertainment & Industry Lamps business to Ushio for €114 million. The transaction is expected to
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This is broadly the deal we were looking for - safe perhaps for at least a token of shareholder contribution. Absent any information from Drax et al., neither
Read MoreBanks and bondholders are coordinating efforts and conducted a beauty parade for financial advisers in July. While no formal confirmation has
Read MoreBranicks announced, via press release, the full repayment of a €68 million promissory note. Including the
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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
Read MoreThe asset sale will generate about EUR45m in gross proceeds and should generate EUR26m in sales proceeds. We are pleased to
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The final bill to extract Coulson will be $300 million rather than $250 million originally reported, but the deal appears to be close to being
Read MoreVictoria Plc has launched a consent solicitation to amend and extend its 2026 Notes. With approximately 90% of these bondholders already party to
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