Mon 10/16/2023 12:42 PM
Australia-based wine producer Accolade Wines is heading for a full debt-for-equity swap under which its entire debt will be written down with lenders set to take control of the company from sponsor Carlyle, sources said.
The group has a 150 million Australian dollar ($96 million) multicurrency RCF maturing in April 2024, an AUD 140 million receivables facility also due next year, and a roughly AUD 570 million-equivalent £301 million term loan B due in June 2025. Accolade had been in...
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