Wed 02/09/2022 08:06 AM
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WiZink Restructuring Analysis from the EMEA Core Credit Team

Relevant Items:
WiZink Restructuring Analysis (tab “Post-Restructuring Recovery”)
Wizink Model Update (Q3’21)
Lockup Agreement Announcement
January 2022 Investor Presentation


Reorg analysis shows that Wizink bondholders not in the ad hoc group who consent to the Spanish credit card provider’s restructuring deal and decide to participate in new money could make a recovery of 111%. This is the case even if the value...
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