Mon 01/29/2024 10:39 AM
Sponsor KKR has once again pumped money into beleaguered Dutch bicycle group Accell, increasing its shareholder loan to €250 million from €150 million
in the face of the group’s dwindling liquidity.
As part of the increase KKR has added some credit support to the shareholder loans under the funding arrangement, sources added.
The shareholder loans were provided by Sprint TopCo to Accell to fund working capital as well...
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