Antolin Restructures Over €1 Billion Debt to Boost Liquidity
Updated
Updated · Bloomberg · Jun 24
Antolin Restructures Over €1 Billion Debt to Boost Liquidity
2 articles · Updated · Bloomberg · Jun 24
Summary
More than €1 billion of Antolin debt will be reworked under a recapitalization support agreement with a majority of the Spanish auto-parts maker’s bank lenders.
The deal is designed to give the Burgos-based company more runway and shore up liquidity as it reshuffles its debt pile.
Creditors are being offered two options to exchange existing holdings for new debt instruments, according to a filing on the Luxembourg Stock Exchange dated Tuesday.