Thu 02/24/2022 12:40 PM
Schur Flexibles said on a lender call today that it plans to raise €30 million of incremental debt to cover an expected €23 million liquidity shortfall in 2022. The Austrian specialist flexible packaging group plans to ask lenders to agree to enlarge its general debt basket to be able to incur an additional liquidity facility while sponsors B&C Group and Lindsay Goldberg will offer a default guarantee to lenders willing to provide the facility, sources told Reorg.
The new money need is based...
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