Atalian Creditors Take Control in €919 Million Debt Restructuring
Updated
Updated · Bloomberg · Jun 1
Atalian Creditors Take Control in €919 Million Debt Restructuring
2 articles · Updated · Bloomberg · Jun 1
Summary
Bondholders holding about 60% of Atalian’s €919 million notes due in 2028 agreed to take over the French facilities-management firm.
The deal was struck between La Financiere Atalian SAS, its controlling shareholder and an ad hoc investor group, according to a filing released Monday.
The takeover forms part of a restructuring aimed at addressing Atalian’s 2028 debt burden, shifting ownership to creditors as the company works to stabilize its balance sheet.