Lowell, a debt collector backed by private equity firm Permira, asks for noteholders’ consent to agree to its planned debt overhaul, according to a statement.
- Adoption of bond amendments requires consents from holders representing no less than 90% in principal amount of each series of notes issued by
Garfunkelux Holdco 3 SA - Consent solicitation for notes will expire at 5pm London time on 19 May
- Lowell expects noteholders to approve the amendment given holders of more than 90% of principal amount of notes have already acceded to framework agreement
- NOTE: Jan. 24,
Lowell Wins Support of Its Largest Creditor ...
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