Mon 05/22/2023 09:23 AM
Keter’s lenders are seeking a sale of the global resin-based consumer products group and are offering short-term extensions on its €1.205 billion term loan B, which is due in October this year. Lenders are willing to provide three months of breathing space, followed by a six-month extension and another three-month extension to maintain pressure on the shareholders BC Partners and PSP Investments, sources said.
The move comes after protracted negotiations over an amend-and-extend proposal
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