Ineos looks to April restructuring, stirs muddy waters with waiver request
Bankers are warning that the waiver request for Ineos, the highly leveraged UK chemicals firm, will be one of the trickiest to yet hit Europe’s loan market — not least because it has a syndicate of about 230 lenders, most of whom are institutional investors. The firm is set to ask lenders for a full amendment on its Eu7.62bn leveraged loan in April next year after first issuing a waiver request this week.
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