Eircom meets lenders to discuss covenant waiver
Irish telecoms firm Eircom — which raised €4bn of debt for its 2006 takeover by Babcock & Brown —met its lenders on Friday to discuss progress of its balance sheet restructuring. It is beginning talks with the co-ordinating committee, representing first-lien lenders, in relation to a waiver of the company’s senior debt to Ebtida covenant.
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