Fri 03/24/2023 06:04 AM
Wittur’s majority shareholder Bain Capital has provided a €10 million loan until June 2023 while the second lien lenders have agreed to defer interest until then to provide the German elevator components manufacturer with some liquidity headroom during its upcoming restructuring talks, sources said.
The initial negotiations will include sponsor Bain Capital, minority shareholder Canadian pension fund PSP Investments and KKR, which owns most of the second lien debt. The company does not plan...
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