Seat Pagine’s last offer: SSBs get vote, coupon threatened
Italian directories company Seat Pagine Gialle released its final proposal for restructuring on Tuesday evening, having formally included its senior secured bondholders in the restructuring negotiations.
The company said this would be its last proposal that, should it not obtain the necessary consent threshold by the new deadline of February 28, it was planning to file under the Legge Marzano, Italys equivalent of a US Chapter 11 bankruptcy.
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