€1bn A&E for Sequana after covenant breach
Lenders to French paper group Sequana have agreed to adjust the covenants of its loans and extend their maturity by two years to June 2014 after it emerged that two branches of the group breached net debt to Ebitda covenants in December 2011.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast
