Thu 12/16/2021 05:50 AM
Lycra’s mezzanine debt holder, Tor, has formed a group of mezzanine creditors who are planning to enforce and take ownership of the company after the fund won a recent court ruling confirming that there was an event of default under the mezzanine debt, according to sources.
The Tor-led creditor group aims to gain consent from the company’s 2025/2023 bondholders, which are lower down the structure, to waive their change-of-control protection, sources said, and is seeking to get in...
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