Menu

BrightHouse circled by bondholders as pressure mounts to refinance

0 Comment

A number of bondholders are reportedly circling embattled rent-to-own chain Brighthouse as pressure mounts on the retailer to strike a refinancing deal. Brighthouse is battling to refinance £220 million of bonds that are due next year and after enlisting Rothschild as an adviser, its parent company Vision Capital is expected to commence a formal sale process this month. READ MORE: BrightHouse on track to recovery as FCA agreement nears However, according to The Sunday Telegraph , bondholders are preparing to swoop in with debt-for-equity swap deal that would be tabled “in the coming weeks”

Visit link:
BrightHouse circled by bondholders as pressure mounts to refinance

Tags: , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

loading...