Deal Could Slash Yachtmaker’s €900 Mln Debt

Bavaria Yachtbau, the German yacht manufacturer, is reportedly in discussion with lenders for a restructuring that would reduce its €900 million ($1.3 billion) debt.

  • 17 Jul 2009
Bavaria Yachtbau, the German yacht manufacturer, is reportedly in discussion with lenders for a restructuring that would reduce its €900 million ($1.3 billion) debt. The proposed debt-for-equity swap, which involved BY owner Bain Capital and Oaktree Capital Management, which has acquired more than one-third of the company’s debt, ...

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1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
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