Fri 05/05/2023 07:53 AM
Minority shareholder PSP Investments has launched a proposal to take control of Keter and deal with the global resin-based consumer products group’s rapidly approaching maturities. The Canadian pension fund is offering to inject in the region of €100 million of new money into Keter in return for lenders agreeing to an amend-and-extend transaction to term out the group’s €1.205 billion term loan B, which is due in October this year, sources said.
Under the plan, PSP would equitize its stake...
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