Fri 10/20/2023 10:42 AM
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Relevant Documents:
€250M SUNs due 2024 - Offering Memorandum
FY’22 Report
H1’23 Report
H1’23 Presentation

 
Credit Research: Cedrick Cassin
Legal Research: Bart Capeci
Reporting: Magnus Scherman

By selling “trophy assets”, Italian paper packaging group Pro-Gest is likely to alleviate liquidity concerns but could fall short of addressing its December 2024 €250 million maturity wall in full, in Reorg’s view.

While the terms of the privately-placed and secured Carlyle notes, subsequently issued...
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