Wirecard lenders scrabble for unanimity as Moody’s withdraws ratings
by Silas Brown
June 22, 2020 04:45 PM
Bank lenders are trying to reach an agreement with scandal-rocked Wirecard to renew as much as €2bn of loans, after the beleaguered German payments company breached its terms on Friday when it failed to produce audited financial results. According to several sources familiar with the situation every lender needs to sign off on the new deal, otherwise Wirecard may have to pay the entire loan back.
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