Tue 04/27/2021 10:34 AM
Pierre & Vacances is scrambling to secure €250 million in new debt financing as pressure mounts on the French holiday accommodation provider due to its strained liquidity, sources told Reorg. The company is in negotiations to get the funding from its existing lenders as attempts to get liquidity from third party investors are proving difficult, sources added.
The company expects to receive the first tranche of financing in May,
according to a recent statement. Some advisors following...
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