Libby Cherry

1 week ago | bloomberg.com | Libby Cherry

Welcome to The Brink. I’m Libby Cherry, a reporter in Frankfurt, where I’m covering distress in the European automotive supplier sector. We also have updates on a New York private school trying to stay afloat and an interview with Polus. Follow this link to subscribe. Send us feedback and tips at [email protected]. The restructuring of auto supplier Webasto this week gave some reassurance to players in a key German manufacturing sector that’s being eyed up by distressed debt investors.

2 weeks ago | news.bloombergtax.com | Giulia Morpurgo |Libby Cherry

Negotiations between Ardagh Group SA and a group of unsecured bondholders about an overhaul of its capital structure have broken down, with points of difference including the future ownership structure of the metals business. The company was previously in talks with its owner, Irish billionaire Paul Coulson, and a group of senior unsecured bondholders about a potential debt restructuring. The parties have not reached an agreement and are no longer in discussions, according to a statement.

2 weeks ago | news.bloomberglaw.com | Giulia Morpurgo |Libby Cherry

Negotiations between Ardagh Group SA and a group of unsecured bondholders about an overhaul of its capital structure have broken down, with points of difference including the future ownership structure of the metals business. The company was previously in talks with its owner, Irish billionaire Paul Coulson, and a group of senior unsecured bondholders about a potential debt restructuring. The parties have not reached an agreement and are no longer in discussions, according to a statement.

2 weeks ago | news.bloomberglaw.com | Libby Cherry

Ardagh Group SA has called off negotiations with a group of its unsecured bondholders as it attempts to overhaul its capital structure. The company was previously in talks with its owner, Irish billionaire Paul Coulson, and a group of senior unsecured bondholders about a potential restructuring. The parties have not reached an agreement and are no longer in discussions, according to a statement. Ardagh, which had over $10.6 billion in debt, has faced controversy over its debt negotiations.

2 weeks ago | news.bloombergtax.com | Libby Cherry

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