Troubled Australian firm Slater and Gordon is talking to banks about a deal which would lead to its restructuring by a new tier of bank lenders. An announcement to the Australian Stock Exchange this morning admitted that 94% of the company's debt had been sold to 'secondary debt buyers' which 'intend to implement a solvent restructure of the company'.
This would involve a 'debt for equity lender scheme of arrangements' which the announcement said 'is in the best interests of all stakeholders'.
The intention is 'to enter into binding agreements to reset its debt structure to ensure that the company has a sustainable level of debt and a stable platform for its future operations both in Australia and the UK,' the statement said.
Breaking: S and G surrenders control to new lenders
0 commentaires:
Enregistrer un commentaire