All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
SecuritizationCLOs-CDOs

Troubled National Express pursues debt cutting plans

UK transport group National Express confirmed on Wednesday that it is considering raising equity among other options in a bid to reduce its debt. The company, which renegotiated its loan covenants at the end of June, also revealed in a trading update that it would not be able to financially support its British East Coast franchise, leading the UK government to nationalise the division.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree