Wind Hellas agrees debt-equity swap

Tuesday 19 October 2010 | 08:16 CET | News
Greek operator Wind Hellas announced an agreement to swap much of its debt for equity, giving its bondholders control of the company. The company has been looking since June for new investors to help it restructure its debt. Wind said a total six companies were invited to conduct due diligence. The senior secured notes or so-called SSN committee has now been named the preferred bidder. It's made up of several major private equity investors which hold 57 percent of Wind's SSNs. They have agreed to waive EUR 1.225 billion in SSNs and EUR 355 million in senior unsecured notes owed by Wind in

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Categories: General
Companies: Wind Hellas
Countries: Greece
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