Wed 05/18/2022 06:24 AM
Schur Flexibles Restructuring update by Reorg's EMEA Core Credit team.
Schur Flexibles has launched a revised restructuring proposal based on the
counterproposal put forward by coordinating committee members led by Apollo.
The Austrian specialty flexible packaging group aims to raise a €150 million new money facility, of which €60 million will be made available in June to provide it with sufficient liquidity to implement its restructuring, and reinstate 25% of its SFA debt (its...
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