Fri 09/15/2023 11:23 AM
Tele Columbus’ debt rallied a few points last week on the back of a
Bloomberg report that shareholders could inject in the region of €300 million equity into the company as part of an expected amend-and-extend proposal. However, the shareholders will not provide the new money as straight equity without any concessions beyond a simple maturity extension in return and will seek some form of burden-sharing from creditors given the group’s multiyear capital expenditure requirements to fund its...
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