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Cheesed off: Telepizza bonds binned on restructuring talks

pizza_Adobe_575x375_22May2020

Telepizza bonds sold off by around 30 points on Monday on news that the company had appointed restructuring advisers, available liquidity was sharply lower than the market had expected, and the company needed around €100m of new money to stay in business — slightly less than the €130m dividend it paid last year after KKR took the Spanish pizza chain private.

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