Santé Cie €820 Million Loan Jumps to 80 Cents as Lender Talks Move Out of Court
Updated
Updated · Bloomberg · Jul 7
Santé Cie €820 Million Loan Jumps to 80 Cents as Lender Talks Move Out of Court
1 articles · Updated · Bloomberg · Jul 7
Summary
Santé Cie’s term loan was quoted around 80 cents on the euro after the home healthcare provider said it wanted to start an out-of-court process with lenders.
The move sharply repriced the €820 million debt from about 50 cents at the end of last week, signaling investors see better recovery prospects through a negotiated deal.
The talks center on restructuring or renegotiating the company’s borrowings without a court process, a route that can be faster and less disruptive for the business.