Wed 09/13/2023 07:34 AM
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UPDATE 1: 7:35 a.m. ET 9/13/2023: Wittur has secured the backing of more than 80% of its first lien lenders for its restructuring proposal, enabling it to launch a U.K. scheme of arrangement to implement the deal. The German elevator parts manufacturer has provisionally scheduled a convening hearing for Oct. 19 and a sanction hearing for Nov. 20, sources said.

However, Wittur is still targeting a fully consensual deal and is offering a 25 bps consent fee if 100% of lenders consent, to...
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