Tue 10/12/2021 09:32 AM
Relevant Documents:2021 Notes - Final OM
2024 Notes - Final OM
Intralot's recent restructuring of its two tranches of unsecured notes due 2021 and 2024 featured a consensual out-of-court implementation method to bypass the 90% amendment threshold in its 2021 notes’ indenture. The restructuring, which
completed in early August, highlights the weakness in bargaining power of temporally subordinated noteholders when an earlier maturing but
pari-ranking note negotiates a restructuring with an...
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