Primicia: Fotos Nuevo Bavaria 32

[manolouk]

esta es la ultima noticia

03-10-2009 - 09:21

Lenders Agree on BAVARIA Yachtbau GmbH Restructuring


GIEBELSTADT, Germany, October 3 /PRNewswire/ -- BAVARIA Yachtbau GmbH ("BAVARIA") today announced that Anchorage Advisors, L.L.C. ("Anchorage") and Oaktree Capital Management ("Oaktree"), who collectively control approximately 95 percent of BAVARIA's EUR960 million debt facilities, have signed a binding agreement to restructure the company's balance sheet. The restructuring will create an industry leading balance sheet through a capital injection of EUR55 million in cash and the write-down of over 90 percent of the senior and junior debt tranches. Anchorage and Oaktree have been working collaboratively with Bain Capital ("Bain"), and look forward to Bain's continued involvement upon consummation of the agreement, which is subject to regulatory and anti-trust clearance.