Shareholders have formally agreed to their dilution under the restructuring plan by allowing share issuance in excess of 10% - conditional upon a

In another deal funded by Cerberus Intrum are preparing to buy a €2bn portfolio from Hoist - right as the company is preparing to restructure its

Intrum seem to have sent out a final threat to their holdout creditors this morning with a consent solicitation for their Swedish MTNs - deadline

The news yesterday that Intrum have the support now of 72% of noteholders documents the intensity of the fight over the last required votes to bring the

Very tempting. We read that the short-end hold-outs are making a last stand behind Lazard in a bid to improve deal economics in return for paving the way to

Ahead of its restructuring, the debt collector has appointed as CFO, Johan Akerblom, a McKinsey-trained banker from SEB with an eye for

In the end it was a little faster than we thought. Intrum have passed the 66+2/3% support level among noteholders for their restructuring

Intrum has reached an agreement in principle with over 75% of its RCF lenders on terms we find advantageous to Intrum. The level of

As mentioned in previous comments, we expect at least one improvement of the offer to Noteholders before they sign up in sufficient numbers. Thus far

This morning’s announcement appears to be the continuation of Cerberus’ deal earlier in the year. On its own, that deal was a one-off

We are going through the details of the LUA this morning. However, away from all the details we find most notable that the support for the restructuring is