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タグのアーカイブ: Creditor deal

スペイン – Codere、債権者との取引で破産を回避

Spanish-based operator Codere has managed to avoid insolvency which could have risked its licences by striking an agreement with creditors to restructure €1.1bn of debt. It will use British courts to seek a scheme-of-arrangement to complete the deal which will put control of the company in bondholders’ hands in exchange for debt. The deal allows…