Intrum - comment
At E+450 the €100m sr. sec. Loan is again expensive. It will serve incrementally in taking out the 2024s and paying down / rolling that RCF, but the name remains a two-year bet on market conditions in 2025.
At E+450 the €100m sr. sec. Loan is again expensive. It will serve incrementally in taking out the 2024s and paying down / rolling that RCF, but the name remains a two-year bet on market conditions in 2025.