Wed 09/15/2021 10:25 AM
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FY’20 Holdco Report

A €10 million piece of Pepe Jeans’ bank debt is up for sale at 65/70 as lenders review their positions, sources told Reorg. The debt has not traded yet but supply is being talked about. The retailer has upcoming covenant tests that are likely to require waivers, sources added.

Lenders hired Alvarez & Marsal to carry out an internal business review earlier this year as the retail group continued to struggle with a drop in revenue due to...
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