Fri 09/30/2022 13:28 PM
Relevant Item:
Matalan Valuation Based on Business Plan
U.K. value retail group Matalan’s ad hoc senior secured bondholder group are pinning their hopes on a full competitive M&A process to try to recover their principal. Founder and current owner John Hargreaves is preparing a bid, but is not expected to come close to the bondholders’ target price of at least £410 million to cover the group’s £350 million senior secured notes and £60 million super senior RCF provided by Bantry...
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